Ramez Rafeek, director general de la moneda estable AED, comentó: “AE Coin aprovecha la velocidad y la eficiencia de la tecnología blockchain, ofreciendo transacciones instantáneas, seguras y rentables. Simplifica las transferencias, haciéndolas más rápidas y fluidas. En un mundo digital en rápida evolución, AE Coin establece un nuevo estándar de confianza, seguridad e innovación en moneda digital”. ¡El futuro del dinero comienza aquí!
AE Coin es ahora la primera moneda estable con licencia de los EAU, aprobada por el Banco Central. 🚀 #AEcoin #InnovaciónDigital #EAU pic.twitter.com/1wHeGLJvzi
Prior to this Tether had announced it would also be launched an AED backed stablecoin in early 2025.The company also has noted that it will launch the new stablecoin in partnership with Green Arcon Investments Ltd and Phoenix Group PLC.
According to Chainalysis, the stablecoin market in the UAE has grown significantly in 2024. Through the first half of the year, the value of stablecoins received by services (particularly CEX and DEX) in UAE totaled over US$9.8billion, a 55% spike over the US$6.3billion received over H1 2023.
Stablecoins now account for the largest share of crypto activity in the UAE (51%), which stands significantly higher than both Bitcoin (19%) and Ether (9%), which are typically considered to be the most recognized and popular cryptocurrencies.
Finally retail-sized transfers (US$10K and below) accounted for a meagre 6% of value received, while professional-sized (US$10k to US$1million), institutional-sized (US$1million to US$10million) and large institutional-sized (US$10million and above) accounted for 40%, 34%, and 20% respectively.
In terms of volume of stablecoin transfers in the UAE, retail sized transactions were by far the majority (93%). This indicates a highly active market for retail investors who are likely using stablecoins as a means to trade in and out of other virtual assets.
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