RAKBank obtiene la aprobación de principio del Banco Central de los EAU para emitir stablecoins vinculadas al dirham

ChainCatcher news: According to market information, RAKBank has obtained in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) to issue an AED-anchored payment token and is preparing to join the UAE stablecoin ecosystem.

The bank stated in a Wednesday press release that the forthcoming stablecoin will be fully backed on a 1:1 basis by dirham deposits held in segregated regulatory accounts and managed by audited smart contracts, with real-time proof of reserves. The launch of this stablecoin marks a new phase in RAKBank's digital asset strategy, following the bank's 2025 actions to enable retail customers to trade cryptocurrencies through regulated brokerage partners.