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UAE Approves First USD-Backed Stablecoin Under National Regulatory Framework

UAE Approves First USD-Backed Stablecoin Under National Regulatory Framework

Author:

Global Cryptocurrency

Published:

2026-01-29 15:11:02

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BTCCSquare news:

The UAE has greenlit its inaugural dollar-pegged stablecoin, marking a pivotal step in its strategy to establish a regulated digital asset ecosystem. The MOVE signals growing institutional acceptance of blockchain-based financial instruments in Gulf markets.

This development positions the UAE alongside Singapore and Switzerland as jurisdictions advancing clear crypto frameworks. No specific stablecoin issuer was named in the announcement, suggesting the approval serves as a regulatory template for future entrants.

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