AE Coin and USD Universal Develop Settlement Rail for UAE Dirham and US Dollar Stablecoins

AE Coin and USD Universal are collaborating to create a regulated settlement rail designed for near-instant conversion between UAE dirham and US dollar stablecoins within the UAE. According to NS3.AI, this system utilizes the infrastructure of Al Maryah Community Bank and will initially be accessible through platforms such as Aquanow and Changer.ae. While USDU is registered as a foreign payment token and AE Coin holds a license from the UAE central bank, USDU has not yet received clearance for general retail mainland payments.