[UAE Central Bank approves AE Coin, a stablecoin pegged to the dirham] Golden Finance reported that the Central Bank of the United Arab Emirates (CBUAE) has approved AED Stablecoin in principle under its regulatory framework for payment token services. AED Stablecoin's preliminary license approval makes it the frontrunner for the UAE's first regulated dirham-pegged stablecoin issuer. If fully approved, AED Stablecoin's AE Coin can serve as a local trading pair for cryptocurrencies on exchanges and decentralized platforms, while allowing merchants to accept it to pay for goods and services.