ChainCatcher news, the stablecoin AE Coin, linked to Dirham, has received final approval from the Central Bank of the UAE. AE Coin will soon be issued through designated agents.Previous news, the first regulated stablecoin in the UAE, AE Coin, has received principle approval from the central bank.

ChainCatcher news, stablecoin issuer Tether announced that its stablecoin pegged to the UAE Dirham will be launched on the TON blockchain.Tether's Senior Strategic Partnerships Manager Alessandro Giori stated that there are 160,000 USDT transactions daily on TON, with 7.6 million wallets using USDT on the TON blockchain, and over 100 crypto platforms have integrated USDT on the TON blockchain. Giori also announced that USDT on TON will be available on the digital asset platform Fireblocks.Previous news, Tether plans to launch a stablecoin pegged to the UAE Dirham (AED).

ChainCatcher news, stablecoin issuer Tether has revealed plans to develop a new stablecoin pegged to the United Arab Emirates Dirham (AED).Tether will collaborate with UAE-based Phoenix Group PLC to launch the new stablecoin, aiming to establish a digital representation of the Dirham fully backed by liquid reserves in the UAE.Tether CEO Paolo Ardoino stated, "The UAE is an important global economic hub, and the new stablecoin aims to meet the needs of businesses and individuals seeking secure and efficient transactions in UAE Dirhams, including cross-border payments, trading, and asset diversification."

ChainCatcher news, the Central Bank of the United Arab Emirates (UAE) conducted its first cross-border digital dirham transfer using the mBridge Central Bank Digital Currency (CBDC) platform on January 29. According to Gulf News, this cross-border CBDC transfer of 50 million dirhams (approximately 13.6 million USD) was sent to China using the multi-CBDC mBridge platform.It is reported that the mBridge project was launched in 2021 in collaboration with the central monetary authorities of China, Hong Kong, Thailand, and the UAE, along with the Bank for International Settlements (BIS). This is the only international partnership involving China. The project completed its pilot phase in September 2022 and was commercially launched a year later in September 2023.The mBridge platform has already onboarded multiple commercial banks from each participating member country to engage in infrastructure and technology work.