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UAE’s Central Bank Pre-Approves Dirham-Pegged Stablecoin
- UAE’s central bank pre-approves AE Coin, a new stablecoin pegged to the Dirham.
- The currency is expected to play a major role in local transactions and economy.
- UAE is expanding its use of crypto, demonstrated by a $50 million digital dirham transaction to China.
- The country ranks second in public adoption of cryptocurrencies and 8th in infrastructure adoption.
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