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AE Coin, USDU Develop UAE Stablecoin Conversion Rail for Institutional Settlement
AE Coin and USDU are developing a UAE-regulated conversion framework between dirham- and US dollar-denominated stablecoins for institutional settlement and treasury operations. Al Maryah Community Bank is powering the system, and USDU is registered as a foreign payment token while AE Coin is licensed by the UAE central bank.