fintech / news / / Crypto News
AE Coin and USD Universal have introduced a regulated stablecoin conversion framework in the UAE.
AE Coin and USD Universal launched a regulated framework for instant dirham–USD stablecoin conversion in the UAE.
KEY POINTS
- The framework functions as a regulated settlement rail supported by Al Maryah Community Bank between AE Coin and USDU.
- Initial access is limited to institutions via regulated providers Aquanow and Changer.ae under UAE oversight.
- USDU is the first USD stablecoin registered under the UAE Payment Token Services Regulation for institutional use.
- AE Coin has received licensing approval from the UAE Central Bank, expanding regulated digital asset offerings.
COMPANIES
Summarized by Newsio from Crypto News. How we summarize →