UAE đŠđȘ Set to Launch Digital Dirham and Dirham-Backed Stablecoin âĄ
đŹ Central Bank of the UAE (CBUAE) is preparing to issue its long-awaited central-bank digital currency â Digital Dirham, marking a major step in the regionâs digital finance evolution.
Parallel to this initiative, UAE will also launch AE Coin, a fully regulated, dirham-backed stablecoin, designed to complement the Digital Dirham and foster digital payments across the economy.
According to official details, AE Coin will be backed 1:1 by UAE dirham (AED), with issuance and redemption supported by commercial banks and financial institutions.
Dual framework aims to bridge traditional finance with blockchain infrastructure, ensuring both regulatory oversight and innovation coexist.
Together, Digital Dirham & AE Coin position UAE among the global leaders advancing central-bank digital currency adoption, alongside nations like China & Singapore.
⥠This move could redefine cross-border settlements, enhance payment transparency, and strengthen UAEâs role as a digital finance hub.
đ Could UAEâs twin rollout â a CBDC & a stablecoin â set a new model for how nations integrate blockchain into monetary systems?
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