AED Stablecoin secures UAE Central Bank approval to launch AE Coin

Abu Dhabi: AED Stablecoin LLC proudly announces that it has obtained in-principle approval from the Central Bank of the UAE to launch and issue AE Coin under the “Payment Token Services Regulation” (Circular No. 2/2024, dated 7 June 2024). AED Stablecoin becomes the first entity in the UAE to issue AED-backed stablecoins, aligning with the government’s forward-thinking vision and the UAE’s Digital Government Strategy 2025. AE Coin aims to revolutionize financial services by offering unmatched stability, security, and efficiency.

AE Coin combines the reliability of fiat-backed stability with the agility of blockchain technology, ensuring that each coin is fully supported by the UAE Dirham. As a regulated stablecoin, it offers secure, seamless payment solutions while fostering the growth of the UAE’s digital economy. For individuals and businesses alike, AE Coin introduces a new era of transparent, cost-effective financial services, ranging from everyday payments to decentralized finance (DeFi) applications. In a fast-evolving digital world, AE Coin sets the standard for trust, security, and innovation in digital currency.

What makes AE Coin unique?

AE Coin is more than just a cryptocurrency—it’s a game-changer for the UAE’s digital economy. As the first stablecoin of its kind, it offers secure, regulated transactions, paving the way for a new way to engage with money in the digital era.

With a focus on stability, scalability, and efficiency, AE Coin enables fast, low-cost transactions under the regulatory oversight of the Central Bank of the UAE. It represents the future of seamless, secure, and innovative digital financial services.

Ramez Rafeek, General Manager of AED Stablecoin, stated: “We are very pleased to have received the approval of the Central Bank of the UAE to begin issuing AE Coin, in line with the ‘Payment Token Services Regulation.’ As the first-ever stablecoin regulated by the Central Bank, AE Coin will revolutionize the digital currency landscape by offering users an unparalleled blend of financial freedom, unwavering stability, and top-tier security.”

Key features of AE Coin:

First-ever regulated stablecoin in the UAE: AE Coin is the first AED-backed digital currency regulated by the Central Bank of the UAE, offering the security of regulatory oversight.

Stable and Secure: Pegged to the Dirham and backed by transparent reserves and regular audits, AE Coin ensures stability, minimizing the volatility associated with traditional cryptocurrencies.

DeFi Integration: AE Coin supports decentralized finance (DeFi) platforms, enabling users to access lending, borrowing, and interest-earning opportunities without intermediaries.

Enhanced security and transparency: Using state-of-the-art blockchain technology and multi-layer encryption, AE Coin ensures that every transaction is securely recorded on the blockchain, promoting trust and transparency.