Piero Cusmano

AE Coin: UAE’s First Regulated AED Stablecoin AED Stablecoin LLC has received approval from the Central Bank of the UAE to launch AE Coin. AE Coin is the first stablecoin backed by the Dirham, under the Payment Token Services Regulation (Circular No. 2/2024), ensuring full regulatory compliance. Pegged to AED, backed by transparent reserves and audited regularly to maintain stability, security and minimize volatility. DeFi-Ready - Seamless integration with decentralized finance (DeFi) platforms for lending, borrowing, and earning interest without intermediaries. Built on blockchain with multi-layer encryption, ensuring transparent and secure transactions. Boost and Facilitates fast, low-cost payments and supports the UAE’s Digital Economy aligning with UAE’s Digital Government Strategy 2025. #stablecoin #aecoin #uae #digitalcurrency #blockchain #defi #fintech #payments #innovation #crossborderpayments #crypto #financialservices #digitaltransformation #b2b #b2c #emergingmarkets #financialinclusion #web3 #strategicpartnerships #presales #businessdevelopment #futureofpayments #digitalbanking #paymentsolutions #fintechtalent

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Tether is making a major move by launching an AED-backed stablecoin on the TON network, Telegram's blockchain! 🌐 This move is set to transform retail access to stablecoins and boost the UAE 🇦🇪 crypto ecosystem. Here's why it matters: 1️⃣ TON Network - Record Speed:   TON is the fastest blockchain to reach $1 billion in USDT transactions and is integrated with Telegram, which has 700 million active users worldwide. 🚀 2️⃣ Unlocking Retail Power:   TON has attracted retail attention with its popular “tap-to-earn” dApps, like Hamster Combat, Meta Legends, and TON Slingshot. This makes it an ideal platform for a stablecoin that engages everyday users. 💰 3️⃣ Real Users of Stablecoins:   While stablecoins are known for payments, the largest users are actually crypto whales, hedge funds, and trading firms moving liquidity quickly across exchanges. 🐋 This step is set to accelerate crypto adoption and open new doors for users in the UAE and beyond. #Tether #Stablecoin #TONNetwork #Crypto

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To all #Web3 investors based in the #UAE and specifically #Dubai, I will be in town next week if you'd like to meet to learn more about #H2cryptO. I have limited availability, but please DM me if you have interest in meeting. #Blockchain #DigitalAssets #Crypto #Bitcoin #h2crypto

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Binance, the world’s largest virtual assets exchange by volume and users, has appointed Stephanie Emile as the new General Manager for Dubai. Assuming the role in August 2024, Emile brings a wealth of experience in digital and electronic trading systems and will play a crucial role in advancing Binance’s growth and operational capabilities across the region. Emile has an extensive background in the financial sector, having held prominent roles at BNP Paribas as Deputy Head of Electronic (eFX) Client and Digital Solutions, and at Barclays Capital, where she contributed to building and monitoring client credit risk and held various positions within the FX space. Since joining Binance in 2022 as Head of Operations Dubai, Stephanie’s success is setting new standards for women in the blockchain industry. Her role in ensuring regulatory compliance and driving the company’s expansion was vital in securing the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority [VARA]. This landmark achievement allows Binance to offer its full range of product offerings to more customers and institutional investors from across the region. “I am honored to step into this new role at such a pivotal time for Binance. As we navigate the ever-evolving regulatory landscape, I look forward to leading our team of experts in driving innovation, exploring new growth opportunities, and expanding our offering in Dubai” said Stephanie Emile, General Manager, Binance Dubai. Stephanie’s appointment underscores her exceptional ability to navigate complex challenges and drive transformation, positioning her as a key player in the future of Binance’s digital finance endeavors. Under her guidance, the company is poised to redefine the future of virtual assets and set new benchmarks for excellence in the industry. #blockchain #newbeginnings #womeninleadership #BinanceDubai #Binance 

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⚡ Just 6 days until Blockchain Life 2024 in hashtag #Dubai! ⚡ On October 22-23, the world’s leading figures in crypto and blockchain will come together to explore the hottest trends and challenges in the market. Miss this event, and you might regret it when 2025 rolls around. New groundbreaking projects will be popping up, but you won’t have the insider knowledge you could have gained before the next Bull Run at Blockchain Life. 🎤 Among the featured speakers are top leaders from Tether.io, TRON DAO, TON Foundation, Ledger, Trust Wallet, Binance, Ripple, BITMAIN, Bybit and more — including key names from Polygon Labs, Cardano Foundation, BNB Chain Innovation, and many other projects shaping the future of hashtag #Web3. This forum will set the stage for future market movements, and it’s the perfect chance to network with the people behind the tokens in your portfolio. 🎟️ Use promo code: "dukeweb3" for 10% off your ticket - https://bit.ly/3Y9Gfcz Let’s make 2025 the year we celebrate our shared success. Will you be part of it? We definitely will! See you 🔜 in Dubai 🌪️ Adam Mastrelli, Ilia Morkovskiy, Valentin Preobrazhenskiy, Yana Leonova, PhD, MBA, Svetlana Khusnetdinova, Ken Kodama, KJ Jia #BlockchainLife2024 #CryptoEvent #BlockchainConference #Dubai #Web3 #CryptoInvestors #BullRun2025 #CryptoNetworking #BlockchainInnovations #CryptoCommunity

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UAE's first AED (Dirham) backed Stablecoin: AED Stablecoin LLC has received in-principle approval from the Central Bank of The UAE to launch AE Coin, the first AED backed #stablecoin under the Payment Token Services Regulation. 🚀 This aligns with the UAE’s Digital Government Strategy 2025 and will be an interesting change in the financial services in the region. This has come as a bit of a surprise to the #blockchain industry, as there was an announcement a few weeks earlier on how #Tether was working on a dirham pegged stablecoin, which many assumed would be the first in the country. With regulatory oversight from the #CBUAE, AE Coin via #blockchain, has added advantages of trust, security and transparency, which will thus accelerate the way for the future of decentralized finance (#DeFi) in the UAE. Given the fact that the #UAE recently also exempted #crypto from taxes (VAT), lot of strategic moves taking place to make the country a crypto assets hub and leader! (Please note Image is not an accurate representation of the AED stablecoin and is #AI generated.) #cryptocurrency #cryptonews #techtrends2024 #futureoffinance #fintech #fintechinnovation #technology #cryptoassets #digitalassets #dubai #abudhabi #gcc #stablecoins #innovation

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#Stablecoins: The Illusion of #Stability in a Shifting Monetary Landscape The latest Bank for International Settlements – BIS research “Stablecoins, money market funds and monetary policy” by Iñaki Aldasoro, Giulio Cornelli, CFA, FRM, Massimo Ferrari Minesso, Leonardo Gambacorta and Maurizio Michael Habib, highlights a critical intersection between stablecoins and monetary policy, drawing parallels to money market funds (#MMFs). Stablecoins, often lauded for their perceived stability, are backed by short-term assets like Treasuries and commercial paper. But this exposes them to liquidity risk, much like MMFs in traditional finance. In times of market stress, investors flock to higher-quality stablecoins—a behavior reminiscent of past crises in the MMF world. However, there's a twist. While MMFs benefit from tighter US monetary policy, stablecoins react quite differently, with market capitalization shrinking as monetary conditions tighten. This suggests stablecoins aren't the "safe haven" many assume. Instead, they are deeply intertwined with the ebb and flow of crypto markets and broader monetary trends, making them susceptible to shocks from both worlds. In short, stablecoins may not be as stable as they seem when the winds of monetary policy shift. #Stablecoins #CryptoMarkets #MonetaryPolicy #MoneyMarketFunds #FinancialStability #CryptoShocks #DigitalFinance #BISResearch #LiquidityRisk #Crypto #Regulation #Blockchain #Decentralization #Innovation #Privacy #futureofmoney —————————————— Hello, I’m Panagiota Stamos, Editor of "the future of money" newsletter, sharing updates on digital finance and AI regulations on LinkedIn before our launch—connect with me Panagiota Stamos Psichis for a sneak peek and be the first to know when our inaugural issue is out! 🤝 Subscribe: “https://lnkd.in/dpP4mKVu

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Big move from Central Bank of UAE. It's time for countries to launch their own stablecoins. For those who do not know, today mostly USD stablecoins dominate the 200B market processing Trillions in volume annually.

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🌍 Circle Triumphs as First Licensed Stablecoin Issuer under MiCA 🌍 While Dubai tightens its grip on crypto payments, Circle is making waves in the European Union! 🚀✨ Circle's Milestone: ➡ Regulatory Win: Circle's USDC and EURC are now fully compliant digital fiat tokens under MiCA rules. ➡ EU Headquarters: Circle selects France for its European HQ, praising its forward-thinking stance on digital assets. ➡ Dubai's Ban: UAE's new regulations prohibit crypto payments, posing challenges for crypto adoption. ➡ Circle's Success: In stark contrast, Circle’s regulatory approval highlights a supportive environment in the EU. Circle's CEO Jeremy Allaire calls this a historic moment for digital assets, reflecting the industry's evolution and regulatory acceptance. What do you think about these contrasting developments? Share your thoughts and follow me for more crypto insights! 🔥💬 #Circle #Stablecoin #MiCA #CryptoRegulation #DigitalAssets #UAE #CryptoBan

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First Abu Dhabi Bank (FAB) has teamed up with Libre Capital to pioneer collateralized lending powered by real-world asset (RWA) tokens. Here's why this collaboration is a game-changer: 1️⃣ Tokenized Assets in Action Libre has already tokenized $150M worth of blue-chip assets like Brevan Howard funds and BlackRock's money-market offerings. These assets are now being leveraged for stablecoin-backed loans. 2️⃣ Bridging Traditional and Decentralized Finance FAB, a $335B banking giant, will provide credit lines using RWAs as collateral on public blockchains like Ethereum, Polygon, and BASE, ensuring liquidity flows seamlessly into the DeFi ecosystem. 3️⃣ Innovation Meets Risk Management With automated systems for regulatory compliance and robust risk protocols, FAB and Libre are setting a benchmark for secure and scalable blockchain-based lending. Why It Matters This partnership exemplifies the growing synergy between traditional financial institutions and blockchain technology, unlocking new utility for tokenized assets while driving innovation in decentralized finance. 💬 The future of lending is tokenized. Are you ready to embrace it? Check the full news coverage here: https://lnkd.in/dzEvzrad #tokenization #blockchain #bsv #lending #banking #fintech #finternet #decentralizedfinance #defi #realworldassets #digitalassets #tcl #neucron #assetyzer #technology

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The boost in crypto-related activities clearly reflects the UAE’s clear intention to back its developing economy. There is speculation that the involvement of royal families in Web3 has severely backed the adoption of crypto assets in the region. #Crypto #UAE #Dubai #Web3 #Blockchain #Cryptocurrecies

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Coincub have released their global web3 index for 2024 Key Insights 📌 Switzerland, Singapore, and the UAE lead the global crypto rankings 📌 Favourable Taxation Zero-tax environments attract crypto businesses and investors 📌 Regulation and Ecosystem Smaller nations excel in creating favourable regulatory environments, with significant advancements in markets like the US and Europe’s MiCA 📌 Jobs and Talent: The crypto job market rebounded in the US and Asia, while Europe continues to decline 📌 Crypto Financial Services: Switzerland leads with 32 crypto banks, US follows with 25. You can find more info here https://coincub.com/ 👏 Great work Sergiu Hamza, Dr. Süleyman Kıran and team #crypto #blockchain

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Built On The Blockchain Bahrain’s First Tokenized Sukuk Platform Awakens @INABLR - A WealthTech Company Anver Jalaldeen #INABLR #tokenization #sukuk #bonds #islamicfinance #Bahrain #sandbox #CentralbankofBahrain #fractional #investments Central Bank of Bahrain #GCC #MENA #fintech #blockchain #tezos Tezos

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Great news today! AE Coin has officially secured the final Central Bank of the UAE license to launch today! Developed under the CBUAE’s digital payment token services framework, AE Coin is set to revolutionize the financial services landscape, promising an instant, secure, stable, innovative, low-cost and efficient payment experience that will reshape the future of the digital economy. Bridging between conventional fiat currencies and the decentralised digital economy, AE Coin enables secure, instantaneous and cost-effective transfers through blockchain technology, while maintaining the reliability of fiat-backed stability, where one AE Coin is equivalent to one UAE Dirham. Today, we enter an era where individuals and businesses are empowered to access the most modern financial tools, foster financial inclusion, and support innovation in e-commerce, remittances, and decentralised finance (DeFi). AE Coin leads this evolution and establishes itself as a cornerstone of the UAE’s forward-looking digital economy strategy. And you… Will you be joining this revolution in our digital economy? #AECoin #AECWallet

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🚀 Kraken Joins the Layer 2 Revolution! 🚀 Kraken Digital Asset Exchange is officially stepping into the Layer 2 (L2) space, unlocking faster transactions, lower fees, and greater scalability for crypto users! 🌐⚡ Who are the direct competitors? With this move, Kraken is taking on major exchanges like Binance , Coinbase and Bybit all of whom are betting big on Layer 2 solutions. As the L2 market surges (recent estimates project it could reach $9.5 billion by 2028), the competition to provide the best user experience is intense. Kraken’s L2 release positions them to capture a share of this booming sector. Why does Layer 2 matter for crypto users? 1. Lower transaction fees: L2 can reduce fees by 50x to 100x compared to Ethereum’s Layer 1. Users can save significantly on every transaction, making crypto more affordable. 💰 2. Faster settlements: Transactions on Layer 2 are processed much faster. The average confirmation time on Ethereum Layer 1 can take minutes, while L2 solutions can handle thousands of transactions per second (TPS). ⚡ 3. Increased scalability: With L2 solutions, Ethereum can scale beyond its current limit of 15-30 TPS, solving congestion issues and processing a higher volume of transactions at scale. 🚀 What can we expect in the near future? 1. DeFi & NFT explosion: The reduced cost and increased speed will lead to a surge in DeFi adoption and NFT activity, especially on networks like Arbitrum, Optimism Unlimited and zk-rollups. Expect exponential growth as more projects migrate to Layer 2. 📈 2. Mass adoption: As L2 makes crypto more cost-effective and user-friendly, we could see millions of new users onboarded to the space. 3. Interoperability: Cross-chain bridges and interoperability will grow, allowing for seamless movement of assets and data across different Layer 1 and Layer 2 networks. Kraken’s move into Layer 2 is another step in making crypto more scalable, accessible, and ready for mass adoption. Are we seeing the next phase of crypto growth unfold? #Kraken #Crypto #Layer2 #Blockchain #DeFi #CryptoAdoption #Ethereum #Scalability

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🚨 Trying to keep up! 1-day delay and looks like old news now 🤯 ✒ 𝐂𝐨𝐧𝐭𝐞𝐱𝐭: Back in June, the Central Bank of The UAE took the virtual assets industry by storm announcing the Payment Token Services regulation, allowing only the issuance of #stablecoins pegged to the UAE dirham and their acceptance as means of payment for goods and services. 📣 𝐍𝐞𝐰𝐬: Yesterday, two months later, Tether.io, the largest company in the #digitalassets industry ☄ , and Phoenix Group, UAE's multi-billion dollar tech conglomerate 💲 , announced plans to 𝐥𝐚𝐮𝐧𝐜𝐡 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬, 𝐭𝐨 𝐛𝐞 𝐟𝐮𝐥𝐥𝐲 𝐛𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐥𝐢𝐪𝐮𝐢𝐝, 𝐔𝐀𝐄 𝐛𝐚𝐬𝐞𝐝 𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐬. 📈 This stablecoin will join Tether's slate of stablecoin products that already include USDT, EURT, CNHT, MXNT, XAUT and aUSDT. 📎 The global market for stablecoins is currently valued at $150 billion, out of which USDT is more than 75%. 💡 Imaging now getting your salary in crypto (recently approved by Dubai Courts), converting it into this new stablecoin through one of the licensed exchanges and being able to use it for payments across the country. Slowly but surely.... #crypto #uae #digitaleconomy #digitalfinance #blockchain #innovation

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