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Deployments · platform by AED Stablecoin

AE Coin UAE dirham stablecoinNew

A dirham payment token issued by AED Stablecoin LLC, the first issuer licensed under the Central Bank of the UAE's payment token rules, at one AE Coin per dirham. Users hold and spend it through the AEC Wallet run by Al Maryah Community Bank (Mbank). Abu Dhabi's Judicial Department began taking it for court fees in July 2025, a supermarket chain added QR payments, and in February 2026 the federal Ministry of Finance recognised it for fees across all federal entities, with Commercial Bank of Dubai, Abu Dhabi Islamic Bank and Network International signing up to build the payment rails. The issuer publishes no ledger, supply or volume figures.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Jul 2025[3] — Accepted for government fees; no circulation figures published. · Reviewed 13d ago

Assets
Stablecoin[1]
Dirham payment token at 1 AEC = 1 AED
Networks
Unknown ledger Not disclosed[2]
The issuer says only that it uses blockchain technology.
Use cases
Domestic payments[4][3]Merchant payments[3]
Jurisdictions
United Arab Emirates

Participants

Operates under

Likely relevant regulation

Assets

Timeline

  1. Happened 2 Feb 2026 · Scope expansion · recorded 17 Oct 2026
    The UAE Ministry of Finance recognises AE Coin for government service payments across all federal entities; CBD, ADIB and Network International sign MoUs with Mbank to build acceptance.[4]
  2. Happened Jul 2025 (month only) · Launch · recorded 17 Oct 2026
    The Abu Dhabi Judicial Department starts accepting AE Coin through the AEC Wallet for court fees, the first government use.[3]

Sources

  1. [1]AE COIN - Home — AED Stablecoin LLC. Accessed 17 Oct 2026.B
  2. [2]AE COIN - Learn — AED Stablecoin LLC. Accessed 17 Oct 2026.B
  3. [3]Abu Dhabi Becomes First in Region to Integrate Stablecoin into Judicial Payments — Unlock Blockchain, 22 Jul 2025. Accessed 17 Oct 2026.C
  4. [4]UAE government adopts regulated stablecoin as a mode of payment for the government services — Khaleej Times, 2 Feb 2026. Accessed 17 Oct 2026. Announced at Abu Dhabi Finance Week with a Ministry of Finance official; quotes the ministry, Mbank, the issuer, CBD, ADIB and Network International..C
  5. [5]Air Arabia becomes region's first airline to accept crypto payments with AE Coin — Economy Middle East, 26 May 2025. Accessed 28 Oct 2026.C

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