AE Coin and USDU are creating regulated conversion rails for AED-USD stablecoins to facilitate institutional settlements in the UAE. The system allows for near-instant exchanges within the country's regulated payment token framework.
AE Coin and USD Universal are developing a regulated settlement rail for converting between UAE dirham and US dollar stablecoins, targeting institutional payments and treasury flows. The system, powered by Al Maryah Community Bank, enables near-instant conversion between the dirham-pegged AE Coin and the US dollar-backed USDU. Initial access will be provided through Aquanow and Changer.ae, two regulated digital asset service providers in the UAE.