AE Coin, the UAE’s first AED-pegged stablecoin licensed by the Central Bank of the UAE, and USD Universal (USDU), a USD-backed stablecoin regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) and registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (PTSR), have announced a strategic collaboration to develop a regulated AED–USD digital conversion framework, powered by Al Maryah Community Bank (Mbank).

The initiative establishes an automated conversion mechanism between USDU and AE Coin, enabling near-instant exchange between USD- and AED-denominated payment tokens within the UAE’s regulatory framework.…