Community Articles

via Cointelegraph · By Cointelegraph Staff

UAE Stablecoin Issuers Build Regulated AED-USD Settlement Rails

NEAR

NEAR/USDT

$1.615

+0.31%

$1.615

+0.31%

(24s)

24h Volume

$47,943,132.38

24h H/L

$1.629 / $1.585

Change: $0.0440 (2.78%)

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

NEAR

Daily

$1.609

▲ 0.37%

Volume (24h): -

Resistance Levels

Resistance 3$1.7908

Resistance 2$1.6654

Resistance 1$1.6263

Price$1.609

Support 1$1.6008

Support 2$1.5449

Support 3$1.469

Pivot (PP):$1.6057

Trend:Sideways

RSI (14):38.0

Cointelegraph Staff

(07:00 AM UTC)

1 min read

Verified bySarah Chen

0 comments

AE Coin and USD Universal are developing a regulated framework for converting between UAE dirham- and US dollar-denominated stablecoins, aiming to support institutional settlement and treasury operations in the United Arab Emirates.

The system, powered by Al Maryah Community Bank, is designed as a regulated conversion rail enabling near-instant exchange between the dirham-pegged AE Coin and the US…

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Source

Cointelegraph Staff · Cointelegraph

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