UAE Builds Regulated Rails for Swapping Dirham and Dollar Stablecoins
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UAE building regulated real-time rails to swap dirham and dollar stablecoins for institutional payments, treasury and cross-border transactions; AE Coin (UAE Central Bank-licensed, dirham) and USDU (ADGM-regulated, USD-backed) power the system. Al Maryah Community Bank will manage payments with access via regulated platforms Aquanow and Changer.ae, signalling institutional on/off-ramp adoption and regulated custody. Expected to reduce settlement friction and regulatory risk for crypto payments, boost stablecoin adoption, and improve interoperability across CEX/CBDC/DeFi flows.
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- UAE is creating a regulated rail to convert dirham and dollar stablecoins in real time.
- AE Coin and USDU are the two licensed stablecoins powering the conversion framework.
- Al Maryah Community Bank will manage payments with access via Aquanow and Changer.ae.
The UAE is developing a regulated framework that allows near-instant conversion between a dirham stablecoin and a dollar stablecoin. The system targets institutional payments, treasury operations, and cross-border transactions.
According to the announcement, two regulated stablecoins sit at the centre of the framework. AE Coin is licensed by the UAE Central Bank and pegged to the dirham. USDU is regulated by Abu Dhabi Global Market’s Financial Services Regulatory Authority and backed by the US dollar.
Al Maryah Community Bank will manage the payment infrastructure. Aquanow and Changer.ae, both regulated dig…
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