Supported by Mbank: AE Coin and USDU Collaborate to Develop UAE’s First Regulated Digital Framework for AED–USD Stablecoin Conversion

Supported by Mbank, AE Coin, the first UAE dirham-backed stablecoin, and USDU, the first US dollar-backed stablecoin, announced a strategic collaboration to develop the UAE’s first regulated digital framework for seamless conversion between the UAE dirham and the US dollar.

The initiative is designed to enable near-instant transfers between digital payment tokens denominated in dirhams and dollars, creating a more efficient and interoperable digital financial ecosystem. The framework will support a wide range of institutional and enterprise use cases, including virtual asset settlements, liquidity management, cross-border value movement, and treasury operations, while operating in alignment with the UAE’s regulatory standards and compliance requirements.

By establishing a regulated mechanism for digital AED–USD conversion, the collaboration aims to streamline the movement of value across digital finance platforms and strengthen the infrastructure supporting next-generation payments and settlements.

The initiative represents a significant milestone in the UAE’s broader vision to advance digital finance and innovation. It reinforces the country’s position as a leading global hub for financial technology, digital assets, and regulated financial innovation, while supporting the continued evolution of secure, transparent, and efficient digital payment systems.

Through this collaboration, AE Coin, USDU, and Mbank are contributing to the development of a more connected financial ecosystem that enhances operational efficiency, supports institutional adoption of digital assets, and enables faster, more reliable financial transactions across markets.

About AE Coin

AE Coin is the first UAE dirham-backed stablecoin, designed to provide secure, regulated, and efficient digital payment solutions aligned with the UAE’s evolving digital economy and financial innovation agenda.

About USDU

USDU is the first US dollar-backed stablecoin focused on enabling trusted, compliant, and seamless digital transactions for global financial markets and digital asset ecosystems.

About Mbank

Mbank is a digital banking institution supporting innovation in financial services and enabling advanced digital payment and settlement infrastructure across the UAE and beyond.