UAE launches regulated stablecoin conversion between dirham and dollar tokens for institutions

AE Coin and USD Universal have introduced a regulated framework in the UAE enabling near-instant conversion between dirham-backed AE Coin and dollar-backed USDU stablecoins for institutional use. Supported by Al Maryah Community Bank, this system facilitates liquidity management, treasury operations, and cross-border payments within the UAE's payment token framework. Access is initially through regulated providers Aquanow and Changer.ae, with both tokens approved by UAE financial authorities. The framework aims to expand into trade finance and multi-currency settlements via fintech integrations, supporting the UAE's growing digital asset ecosystem.