AE Coin: UAE’s first-ever Stablecoin receives final CBUAE licence to launch
- 10 Dec 2024
AE Coin has secured the final Central Bank of the UAE (CBUAE) licence to launch, marking a significant milestone in the evolution of digital finance. Developed under the CBUAE’s digital payment token services framework and aligned with the UAE government’s forward-looking vision, AE Coin is set to revolutionize the financial services landscape, promising an instant, secure, stable, innovative, low-cost, and efficient payment experience that will reshape the future of the digital economy.
AE Coin extends its deepest gratitude to the Central Bank of the UAE for their invaluable support and guidance throughout this journey. This milestone would not have been possible without their commitment to fostering innovation and setting a robust regulatory framework for digital financial solutions.
The vision for stablecoin utilization extends far beyond traditional financial transactions, aiming to create a seamless, and inclusive financial ecosystem. AE Coin represents the bridge between conventional fiat currencies and the decentralized digital economy, enabling secure, instantaneous, and cost-effective transfers. By leveraging blockchain technology, stablecoins offer unprecedented transparency and efficiency while maintaining the reliability of fiat-backed stability, where one AE Coin is equivalent to one UAE Dirham. This transformative vision includes empowering individuals and businesses to access modern financial tools, fostering financial inclusion, and supporting innovation in industries such as e-commerce, remittances, and decentralized finance (DeFi). AE Coin is poised to lead this evolution, establishing itself as a cornerstone of the UAE's forward-looking digital economy strategy.
Ramez Rafeek, General Manager of AE Coin, remarked: "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's strategic roadmap emphasizes building partnerships with leading financial institutions, payment gateways, and technology providers to drive widespread adoption. Future initiatives include integration with decentralized applications (dApps), listings on major exchanges, and continuous technological innovation to remain at the forefront of the digital finance revolution.
About AE Coin
AE Coin is a next-generation stable digital currency regulated by the Central Bank of the UAE, offering secure, transparent, and efficient financial services. With a focus on local payments, decentralized finance, and innovative rewards systems, AE Coin is redefining the way users interact with digital money. Headquartered in Abu Dhabi, UAE, AE Coin leads the region in digital finance innovation.