ARTICLE · 02 FEBRUARY 2025

UAE's Groundbreaking Approval Of AE Coin: A New Era For Dirham-Backed Stablecoins

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In a significant development, AE Coin has received a full regulatory licence from the Central Bank of the UAE ("CBUAE"), marking a major milestone in the country's digital finance ecosystem.

United Arab EmiratesTechnology

Pankhuri Malhotra

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KEY HIGHLIGHTS:

AE Coin is pegged 1:1 with the UAE Dirham, and it is the first stablecoin to receive full approval from the CBUAE.
Fully backed by reserves in the UAE, AE Coin addresses cryptocurrency volatility and enhances trust in digital finance.
The launch of AE Coin follows the CBUAE's updated regulations on stablecoins.

UAE'S NEWEST STABLECOIN, AE COIN, RECEIVES CENTRAL BANK APPROVAL

In a significant development, AE Coin has received a full regulatory licence from the Central Bank of the UAE ("CBUAE"), marking a major milestone in the country's digital finance ecosystem. In our earlier article,"The Approval of AED Stablecoin: A New Milestone for the UAE's Digital Finance Ecosystem,"we reported that AE Coin had been grantedin-principle approval.

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