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AE Coin, USDU Develop UAE Regulated Stablecoin Conversion Rail
AE Coin and USD Universal are developing a regulated settlement rail for near-instant conversion between UAE dirham and US dollar stablecoins in the UAE. The system uses Al Maryah Community Bank infrastructure and will initially be accessed through Aquanow and Changer.ae. USDU is registered as a foreign payment token and AE Coin is licensed by the UAE central bank, but USDU is not yet cleared for general retail mainland payments.