The UAE Central Bank Gives AED Stablecoin In-Principle Permission To Create And Issue Its Own Currency.12 Hours Prior

By the “Payment Token Services Regulation,” AED Stablecoin LLC is pleased to inform that it has received the Central Bank of the UAE’s in-principal approval to launch and establish its own currency, AE Coin, in accordance with Circular No. 2/2024, dated 7 June 2024, to be licensed by the Central Bank of the UAE. By the government’s progressive vision and the UAE’s Digital Government Strategy 2025, this license will allow AED Stablecoin to become the first organisation in the UAE to issue AED Stable Coins. AE Coin aims to transform financial services by providing unmatched stability, security, and efficiency.

AE Coin guarantees that every coin is completely supported by the Dirham by fusing the flexibility of blockchain technology with the dependability of fiat-backed stability. It supports expanding the UAE’s digital economy and offers easy, safe payment options as a certified stablecoin. From payments to decentralised finance (DeFi) apps, AE Coin ushers in a new era of transparent, affordable financial services for both consumers and enterprises. AE Coin sets the bar for innovation, security, and trust in digital currency in a rapidly changing world.

More than just a cryptocurrency, AE Coin is revolutionising the digital economy in the United Arab Emirates. AE Coin, the first stablecoin of its type, is poised to revolutionise the way we conduct transactions by offering safe, reliable, and completely controlled transactions.