AE Coin secures approval to launch revolutionary Stablecoin

AE Coin has achieved a significant milestone by obtaining the final license from the Central Bank of the UAE (CBUAE) to launch its stable digital currency, according to a press release.

Developed under the CBUAE’s digital payment token services framework, AE Coin is positioned to reshape the financial services sector by offering an instant, secure, and low-cost payment experience, the release wrote.

The UAE’s forward-looking approach to digital finance has been instrumental in the development of AE Coin. By aligning with the country’s digital economy strategy, the stablecoin aims to bridge traditional fiat currencies and decentralized digital ecosystems, based on the press release.

One AE Coin is pegged to the UAE Dirham, ensuring stability while leveraging blockchain technology to provide transparency and efficiency.

Ramez Rafeek, General Manager of AE Coin, highlighted its transformative potential:"AE Coin harnesses the speed and efficiency of blockchain technology, offering instant, secure, and cost-effective transactions. It simplifies transfers, 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."

AE Coin plans to foster widespread adoption through partnerships with financial institutions, payment gateways, and technology providers. Its roadmap includes integration with decentralized applications (dApps), listings on major exchanges, and continuous innovation to remain at the forefront of the digital finance landscape.

Beyond traditional payments, AE Coin envisions creating a seamless financial ecosystem that supports industries such as e-commerce, remittances, and decentralized finance (DeFi). By empowering individuals and businesses with modern financial tools, AE Coin is committed to advancing financial inclusion and innovation in the UAE and beyond.

The company expressed gratitude to the Central Bank of the UAE for its support in establishing a robust regulatory framework, enabling the safe and innovative development of digital financial solutions.

AE Coin, headquartered in Abu Dhabi, is a next-generation stable digital currency regulated by the Central Bank of the UAE. With a focus on transparency, security, and innovation, AE Coin is redefining the way users interact with digital money, driving the UAE’s digital economy forward.