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flag RAKBANK gained UAE approval to launch a stablecoin backed by AED reserves, combining banking security with blockchain efficiency.

flag RAKBANK has received in-principle approval from the UAE Central Bank to launch an AED-backed stablecoin, fully redeemable at par and backed by segregated reserves. flag The token, featuring audited smart contracts and real-time attestations, aims to combine banking security with blockchain efficiency. flag This follows the bank’s 2025 launch of a regulated crypto trading platform. flag Final rollout details await additional regulatory steps, as part of the UAE’s broader digital economy push.

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