The system enables near-instant conversion between UAE dirham and US dollar stablecoins within the country’s regulated payment token regime.
AE Coin and USD Universal are building a regulated settlement rail for converting between UAE dirham and US dollar stablecoins, targeting institutional payments and treasury flows in the UAE.
The system, powered by Al Maryah Community Bank, is designed as a regulated conversion rail enabling near-instant exchange between the dirham-pegged AE Coin and the US dollar-backed USDU within the UAE’s payment token framework.
According to an announcement shared with Cointelegraph, the conversion mechanism is intended for liquidity management and cross-border payments. Initial access will be provided through Aquanow and Changer.ae, two regulated digital asset service providers operating in the UAE.
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