AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED Dirham. It offers fast, low-cost transactions and is regulated by the Central Bank of the UAE. AE Coin can be used for various purposes, including payments between companies, individual transactions, and investments. The stablecoin aims to foster economic growth and innovation in the UAE by providing a secure and efficient digital currency. AED Stablecoin plans to form strategic partnerships and integrate with decentralized applications to expand its reach and capabilities.

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