RAKBANK Receives UAE Central Bank Approval to Launch AED-Backed Stablecoin

TLDR: RAKBANK receives conditional approval from UAE Central Bank to issue AED-backed payment stablecoin  Stablecoin will feature 1:1 AED backing with reserves held in segregated regulated bank accounts  Bank enabled retail crypto trading in 2025 through regulated partner before stablecoin approval  Real-time reserve attestations and audited smart contracts will ensure transparency and integrity    RAKBANK [...]

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