UAE Stablecoin Issuers Build Regulated AED-USD Settlement Rails
Cointelegraph
AE Coin and USD Universal are launching a regulated settlement rail to facilitate instant AED-USD stablecoin conversions for institutional payments in the UAE.Summary
AE Coin and USD Universal have collaborated to establish a regulated conversion mechanism between the UAE dirham-pegged AE Coin and the US dollar-backed USDU. Supported by Al Maryah Community Bank and available through providers like Aquanow and Changer.ae, this system is designed to streamline institutional liquidity management and cross-border transactions under the UAE’s Payment Token Services Regulation framework. As the UAE continues to expand its blockchain infrastructure, this initiative positions the region as a significant hub for regulated digital asset settlement and institutional financial applications.
(Source：Cointelegraph)