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Deployments · platform by Taurus

Zand AED (AEDZ) dirham stablecoinNew

A UAE dirham stablecoin issued by Zand Trust, a wholly owned subsidiary of the Dubai digital bank Zand, which the Central Bank of the UAE approved in November 2025 as the country's first regulated multi-chain dirham stablecoin on public blockchains. It is backed one to one by dirham reserves in segregated accounts, with Taurus providing the issuance and custody technology. Zand describes it as available on several public blockchains but has not named them; in 2026 it agreed with Ripple to explore issuing it on the XRP Ledger and added USDC support alongside it. No contract address or circulating supply has been published.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Announced since 17 Nov 2025[1] — The central bank approved the coin and Zand announced its launch in November 2025, but no chain, contract address or supply has been published, so it stays announced until on-chain supply is found. · Reviewed 13d ago

Assets
Stablecoin[1]
UAE dirham stablecoin backed one to one by dirham reserves
Networks
Ethereum Public, permissionless[5]
Zand's Blockchain Payment Gateway page lists AEDZ on Ethereum and Solana.
Solana Public, permissionless[5]
Zand's Blockchain Payment Gateway page lists AEDZ on Ethereum and Solana. Issuance on the XRP Ledger is only to be explored (Zand-Ripple, Feb 2026), so not recorded.
Use cases
Primary issuance[1]Cross-border payments[2][4]
Jurisdictions
United Arab Emirates

Participants

  • Zand BankIssuer, Custodian[1]United Arab Emirates
  • TaurusTechnology provider, Platform provider[2]Switzerland

Likely relevant regulation

Assets

Timeline

  1. Happened Oct 2026 (month only) · Status change · recorded 22 Oct 2026
    Recorded as announced: Zand has published no chain, contract or supply since the launch announcement, so use is not evidenced.[1]
  2. Happened 25 Aug 2026 · Announcement · recorded 18 Oct 2026
    Zand announces support for USDC so eligible businesses can use it alongside the Zand Dirham stablecoin for payments, settlement and treasury.[4]
  3. Happened 10 Feb 2026 · Announcement · recorded 18 Oct 2026
    Zand and Ripple agree to explore issuing AEDZ on the XRP Ledger, AEDZ-RLUSD liquidity and RLUSD support in Zand's custody.[3]
  4. Happened 17 Nov 2025 · Regulatory approval · recorded 18 Oct 2026
    The Central Bank of the UAE approves Zand to launch Zand AED, and Zand announces the launch as available on several public blockchains.[1][2]

Sources

  1. [1]Zand Launches UAE's First AED-Backed Stablecoin on Public Blockchain — Zand Bank, 17 Nov 2025. Accessed 18 Oct 2026.B
  2. [2]Zand to Launch the UAE's First Regulated AED Stablecoin on Public Blockchain with Taurus Tokenization and Wallet Technology — Taurus, 24 Nov 2025. Accessed 18 Oct 2026.B
  3. [3]Zand and Ripple in strategic partnership to power digital economy with stablecoin and blockchain innovations — Zand Bank, 10 Feb 2026. Accessed 18 Oct 2026.B
  4. [4]Zand Expands Stablecoin Access and Adoption in Global Markets with USDC — Zand Bank, 25 Aug 2026. Accessed 18 Oct 2026.B
  5. [5]Zand Bank — Blockchain Payment Gateway — Zand. Accessed 26 Oct 2026.B

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