#AbuDhabiStablecoin In October 2024, AED Stablecoin LLC received preliminary approval from the UAE Central Bank to launch AE Coin, the country’s first stablecoin backed by the UAE dirham. AE Coin is fully collateralized by dirhams held in local bank deposits, ensuring trust and price stability. It supports everyday payments, money transfers, and decentralized finance (DeFi) applications. This initiative aligns with the UAE’s 2025 digital strategy and aims to boost the local digital economy. Notably, the UAE permits only licensed, dirham-pegged stablecoins for transactions, making AE Coin a legal and strategic asset in Abu Dhabi’s growing blockchain and crypto ecosystem.