The UAE Central Bank has recently approved the launch of its first AED-pegged stablecoin, AE Coin.
This development is part of the UAE’s Payment Token Services Regulation and marks a significant step towards integrating blockchain technology into the country’s financial system.
The AE Coin will be fully backed by UAE dirhams held in reserves, ensuring both stability and security for transactions within the UAE and internationally. The aim is to streamline digital payments, support day-to-day transactions, and enhance the country’s digital economy.
