Crypto Funds Experience Record Outflows: Bearish Market Begins?

The post UAE Bank Zand Launches First Dirham Stablecocom. Zand:- With the global stablecoin supply crossing $300 billion, nations are increasingly recognizing that they can no longer rely solely on USD-denominated stablecoins to serve their digital economies. Across Asia, governments and banks are announcing efforts to issue their own currency-backed stablecoins. This is spreading from South Korea’s push for a won-based token to Japan’s launching its yen-denominated stablecoin, with discussions in other regional markets too. Amid this, the middle eastern country of UAE has also joined the race. Zand, the Abu Dhabi-based digital bank, has launched Zand AED, the country’s first regulated stablecoin. This is a move that puts the UAE firmly into the fast-growing race among Asian and Middle Eastern economies to bring their national currencies onto public blockchains. We are proud to announce that Zand has received final approval from the Central Bank of the UAE to launch the nation’s first regulated, multi-chain AED-backed stablecoin on public blockchains. Fully backed 1: 1 by AED reserves, transparently audited, and issued across multiple. pic. twitter. com/QCgObTdtuK Zand (@Official_Zand) November 17, 2025 Also Read: Stripe is Building a New Prototype for Stablecoin Zand Launches First Dirham-Backed Stablecoin The Central Bank of the UAE has granted Zand the regulatory approval for the issuance. This makes Zand AED the first officially sanctioned dirham-pegged stablecoin to be deployed by a regulated bank in the Emirates However, to launch a stablecoin in UAE, the country’s central bank rules require fiat-pegged stablecoins to be fully backed or meet strict high-quality reserve rules. Accordingly, Zand AED is fully backed 1: 1 by AED reserves, transparently audited, and issued across multiple public blockchains. Interestingly, Zand’s approval follows earlier expressions of interest in a dirham stablecoin most notably Tether’s announcement in 2024 that it intended to issue an AED-backed token. However, Zand’s stablecoin is the first to receive direct Central.