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AED Stablecoin has received the Central Bank of the UAE’s in-principal approval to launch AE Coin. This move makes AED Stablecoin the first entity to issue AED Stable Coins under the “Payment Token Services Regulation” as of June 7. AE Coin promises to revolutionize financial services with stability, security, and efficiency.

AE Coin combines fiat-backed stability with blockchain technology, ensuring each coin is supported by the Dirham. It offers secure, seamless payment solutions, boosting the UAE's digital economy. For individuals and businesses, AE Coin introduces transparent, cost-effective financial services, from payments to DeFi applications.

Ramez Rafeek, General Manager of AED Stablecoin, said: "We are pleased to have received approval to start issuing AE Coin. As the first stablecoin regulated by the Central Bank of the UAE, AE Coin will revolutionize the digital currency landscape."

AE Coin is designed to offer stability and security with transparent reserves and regular audits. It integrates with DeFi platforms, enabling decentralized lending, borrowing, and earning interest without intermediaries. AE Coin’s blockchain technology ensures multi-layer encryption for secure transactions.

Companies in the UAE can use AE Coin for instant payments, improving cash flow and reducing transaction costs. For individuals, AE Coin provides a secure platform for everyday transactions and investments, offering instant, low-cost transactions compared to traditional banking.

In essence, AE Coin sets the standard for trust, security, and innovation in the UAE’s digital economy, supporting the country's financial growth and technological advancement.

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