Cryptoassets Regulatory Intelligence

United Arab Emirates (AE) · Module Detail

United Arab Emirates: Stablecoin Regime

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Stablecoin (Fiat-Referenced Virtual Asset / Payment Token) issuance in AE is regulated under CBUAE's Payment Token Services Regulation (dirham-pegged tokens such as AE Coin and DDSC licensed by CBUAE), while ADGM's FSRA separately authorizes stablecoin issuers (e.g., Universal Digital's USD-backed USDU) and DFSA narrowed its DIFC stablecoin definition in January 2026. Federal Decree Law No. 6 of 2025 consolidates stablecoin oversight under CBUAE nationwide, with issuance of new payment tokens historically restricted under the DFSA regime pending this consolidation.

Open gap — crypto-int-2Current CASP/issuer prudential own-funds minima under VARA and CMA rules were not located this cycle.no under-indexing note recorded
Standing sub-brief · as of 2 August 2026394 words · last cycle 2026-08-02

Stablecoin Regime

Stablecoin issuance in the UAE now runs across at least three parallel authorisation pathways, with a federal consolidation effort layered on top. Historically, dirham-pegged and other fiat-referenced tokens have been licensed under the CBUAE's Payment Token Services Regulation; AE Coin, described as the UAE's first Central Bank-licensed stablecoin, is backed 1:1 with dirhams and has moved into real-world retail use, including acceptance at nearly 980 ADNOC Distribution fuel and retail locations. A second dirham-backed token, DDSC, initiated by International Holding Company and First Abu Dhabi Bank, is similarly licensed by the Central Bank and backed 1:1 by dirham reserves, having launched in February 2026. On the USD side, Universal Digital's USDU stablecoin is regulated by ADGM's FSRA and separately received UAE central bank approval, in January 2026.

no periodic updates on record for this sub-brief

Sources and findings (5)
  1. T4 · CoinDeskAE Coin / CBUAE — AE Coin, described as the UAE's first stablecoin licensed by the Central Bank, is backed 1:1 with dirhams and has moved into real-world retail use, including acceptance at nearly 980 ADNOC Distribution fuel and retail locations.retrieved M4bindingin forcenew
  2. T4 · The BlockDDSC / CBUAE — The Dirham-Backed Stablecoin DDSC, initiated by International Holding Company and First Abu Dhabi Bank, is licensed by the UAE Central Bank and backed 1:1 by UAE Dirham reserves.retrieved M4bindingin forcenew
  3. T4 · CoinDeskUSDU / ADGM-FSRA — The USDU USD-backed stablecoin, issued by Universal Digital, is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market and was approved by the UAE's central bank.retrieved M4bindingin forcenew
  4. T4 · CoinDeskCBUAE — Federal Decree Law No. 6 of 2025 brings stablecoins under CBUAE's federal regulatory authority alongside virtual assets and DeFi, replacing the prior fragmented Central Bank framework.retrieved M5bindingin forcenew
  5. T4 · CoinDeskTether / CBUAE — Tether's planned dirham-pegged stablecoin, developed with Phoenix Group and Green Acorn Investments, sought licensing under the UAE Central Bank's Payment Token Services Regulation.retrieved M3non-bindingnew