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AE Coin Launch Imminent After Gaining CBUAE Approval

Pegged to the UAE Dirham, the UAE’s first stablecoin is set to revolutionize digital payments while offering secure, efficient transactions.

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ae coin launch imminent after gaining cbuae approval

AE Coin, the UAE’s first stablecoin, has officially received a license and go-ahead to launch from the Central Bank of the UAE (CBUAE). The news signals a major step in the region’s digital transformation and the UAE government’s vision for financial innovation.

Developed under the CBUAE’s digital payment token framework, AE Coin aims to reshape financial services with the promise of faster, secure and more cost-efficient transactions. The stablecoin is designed to merge traditional fiat currencies with the efficiency of blockchain, with each AE Coin pegged 1:1 with the UAE Dirham, ensuring stability and trust. Its goal goes beyond streamlining financial transactions to creating an inclusive financial ecosystem for both individuals and businesses.

With blockchain as its backbone, AE Coin offers transparency and efficiency without compromising reliability. Its potential spans various industries, from e-commerce to remittances and decentralized finance (DeFi). By empowering financial inclusion and fostering innovation, the coin’s creators hope it will become a key part of the UAE’s push for a future-ready digital economy.

Ramez Rafeek, General Manager of AE Coin, highlighted the transformative power of the project:

“AE Coin harnesses the speed and efficiency of blockchain technology […] simplifying transfers, making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency”.

Also Read: Jordan’s $45M Push To Boost E-Government & Digital Economy

AE Coin’s ongoing strategy includes forging partnerships with financial institutions, payment gateways, and tech firms to drive adoption rates. Future initiatives also aim to integrate AE Coin with decentralized applications, secure listings on prominent cryptocurrency exchanges, and continually enhance its cutting-edge technology.

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LUVED Is A New Curated Preloved Marketplace For The UAE

Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.

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luved is a new curated preloved marketplace for the uae

Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.

The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.

Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.

An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.

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“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.

The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.

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