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RAKBANK gained UAE approval to launch a stablecoin backed by AED reserves, combining banking security with blockchain efficiency.
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.
The token, featuring audited smart contracts and real-time attestations, aims to combine banking security with blockchain efficiency.
This follows the bank’s 2025 launch of a regulated crypto trading platform.
Final rollout details await additional regulatory steps, as part of the UAE’s broader digital economy push.
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RAKBANK obtuvo la aprobación de los Emiratos Árabes Unidos para lanzar una moneda estable respaldada por reservas de AED, combinando seguridad bancaria con eficiencia de blockchain.