RAKBANK Gets Approval for AED Stablecoin as UAE Digital Dirham Skips 2025 Launch
The Central Bank of the United Arab Emirates has approved RAKBANK to issue an AED stablecoin. | Credit: Photo by Tim de Waele/Getty Images. Key takeaways RAKBANK has received in-principle approval from the CBUAE to issue a fully AED-backed stablecoin for payments. The approval signals growing momentum for regulated private sector digital finance in the…