The Central Bank of the UAE has approved digital bank Zand to launch Zand AED, the nation’s first regulated AED-backed stablecoin available on public blockchains.
The stablecoin aims to bring the UAE dirham into global digital finance with full one-to-one backing held in segregated, regulated bank accounts.
According to Zand, the stablecoin offers real-time transparency through independently audited smart contracts and reserve attestations.
Being available across multiple chains, Zand AED will support fast cross-border settlement and deeper integration for developers, enterprises, and financial institutions.
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