Khaled Mohamed Balama, President of the Central Bank of the United Arab Emirates (CUAE), said that digital dirhams may play an important role in the fight against financial crimes and increasing financial stability.

According to Balama, this new Blockchain -based digital currency will increase access to international markets by reducing costs, as well as making the financial ecosystem more secure. Especially the retail sector is expected to be ready for the use of digital dirhams in the last quarter of 2025.

The Digital Dirham project is seen as one of the important steps of the UAE in the field of digital finance. “Digital dirhams, innovative digital products, services and business models encourage the development of the development, will reduce costs and increase access to international markets,” he said.

It has also been reported that the digital dirham will be considered as a payment method in all payment channels with the physical equivalent. This can provide more payment options for businesses and individuals, allowing the financial ecosystem to work more efficiently.

The Digital Dirham project has not been limited to technical infrastructure development, but also went to changes in its visual identity. In the new symbol, the first letter of dirham was used, while two horizontal lines were added to the stability by inspiring the UAE flag.

In this process, the Central Bank of the UAE established a new framework for the regulation of Stablecoins. This licensing frame, approved in June 2024, clarified the export, licensing and supervision of dirham -indexed payment tokens.

Following these regulations, there was mobility in the stablecoin market. Stablecoin exporter Tether announced his local partners Phoenix Group and Green Acorn Investments and announced a Dirhem -supported Stablecoin plan. This cooperation aims to establish a completely supported digital representation of the UAE dirhams.

Later, other companies that wanted to remove Dirhem -backed Stablecoin came into play. On October 18, 2024, a company called AED Stablecoin received approval in the UAE to export a dirham -indexed Stablecoin.

In November, The Open Network (ton) announced that Tether will be released on the Blockchain network of Tether’s Dirham -index -index -index -index -index -index -index -index -indexed. These developments show that the UAE plays an increasingly active role in the ecosystem of digital existence.

In the UAE, not only dirhame -indexed stablecoins, but also US dollars and euro -supported stablecoins continue to gain popularity. In February 2025, Dubai International Finance Center (DFC), Dubai Financial Services Authority (DFSA), recognized Circle’s USDC and EURC Stablecoins within the scope of crypto token arrangement in the country.

These steps are seen as part of the UAE’s efforts to increase its competitiveness in the global financial technology scene. The country aims to offer more innovation in digital payment solutions and Blockchain -based financial services.

On the other hand, some global blockchain companies closely follow the UAE’s stablecoin arrangements. A company spokesman said the country is trying to understand the stablecoin requirements and that existing stablecoins were available in the UAE.

The UAE aims to become a stronger position in the financial sector with digital dirhams and stablecoin initiatives. With the launch of digital dirhams, financial transactions in the country are expected to become more efficient and safe.