#AbuDhabiStablecoin Abu Dhabi has taken a significant step in digital finance with the Central Bank of the UAE granting in-principle approval to AED Stablecoin LLC to launch AE Coin, the nation's first dirham-backed stablecoin. This initiative aligns with the UAE's Digital Government Strategy 2025, aiming to enhance financial services through blockchain technology. AE Coin is fully backed by the UAE Dirham, ensuring stability and security for users. Designed for seamless transactions, it supports various applications from everyday payments to decentralized finance (DeFi) platforms. The Central Bank's regulatory framework mandates that issuers maintain reserves in dirhams, promoting transparency and trust in the digital currency landscape.