via Cointelegraph · By Cointelegraph Staff
UAE Stablecoin Issuers Build Regulated AED-USD Settlement Rails
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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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