Home UAE Approves First AED-backed Stablecoin With Zand’s Blockchain Launch

UAE Approves First AED-backed Stablecoin With Zand’s Blockchain Launch

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Ondo Wins EU Approval To Offer Tokenized Stocks & ETFs | 3verseTV
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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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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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