AE Coin Secures CBUAE Approval, Poised to Revolutionize UAE’s Digital Finance
AE Coin, the UAE’s first stablecoin, has officially received licensing approval from the Central Bank of the UAE (CBUAE), marking a pivotal milestone in the country’s journey toward financial innovation and digital transformation.
Developed under the CBUAE’s digital payment token framework, AE Coin is designed to provide faster, secure, and cost-efficient financial transactions. Each AE Coin is pegged 1:1 to the UAE Dirham, ensuring both stability and trust. By blending traditional fiat currency reliability with blockchain efficiency, AE Coin aims to foster an inclusive financial ecosystem that benefits both individuals and businesses.
Built on blockchain technology, AE Coin delivers enhanced transparency and efficiency without compromising security. Its applications span across multiple sectors, including e-commerce, remittances, and decentralized finance (DeFi), supporting the UAE’s vision for a future-ready digital economy.
Ramez Rafeek, General Manager of AE Coin, emphasized the innovation behind the project, stating:
“AE Coin harnesses the speed and efficiency of blockchain technology, simplifying transfers and making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency.”
Future plans for AE Coin include partnerships with financial institutions, payment platforms, and technology firms to accelerate adoption. The roadmap also includes integration with decentralized applications, securing listings on major cryptocurrency exchanges, and ongoing advancements in its blockchain technology.
