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UAE Launches Regulated Stablecoin Swap, Boosting Crypto Hub
Description
AE Coin and USD Universal unveil a regulated stablecoin swap system in the UAE, enabling near real-time conversion of dirham-pegged to dollar-backed stablecoins. Backed by Al Maryah Community Bank, this framework targets institutions for settlements and treasury operations. Initial access via Aquanow and Changer dot ae, licensed digital asset firms. The UAE continues to solidify its crypto stance, with Ras Al Khaimahs blockchain ID system and Dubais rapid licensing of firms like Animoca Brands, BitGo, and Binance. Future plans include trade finance and multi-currency deals, positioning the UAE as a blockchain money hub.
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