Zand and Ripple Partner to Advance Stablecoin and Digital Economy in the UAE

KuCoinFlash

Release Time: 02/15/2026 09:45:37

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Summary

Zand, a UAE digital bank, has partnered with Ripple to expand the use of stablecoins and blockchain technology in the region. The agreement encompasses Zand’s AEDZ stablecoin and Ripple’s RLUSD, including custody support and liquidity solutions. AEDZ will also launch on the XRP Ledger. AEDZ is the UAE’s first regulated, multi-chain stablecoin backed by the UAE dirham. This initiative supports the UAE’s digital economy objectives. This update brings fresh digital asset news and highlights new opportunities in the digital collectibles space.

Odaily Planet Daily reports that UAE digital bank Zand has announced a strategic partnership with Ripple to advance the region’s digital economy through stablecoins and blockchain solutions. The two parties will collaborate on innovative initiatives centered around Zand’s AED-stablecoin (AEDZ) and Ripple’s USD-stablecoin (RLUSD).

Under the cooperation agreement, both parties will explore supporting RLUSD within Zand’s regulated digital asset custody services and investigate direct liquidity solutions between AEDZ and RLUSD. Additionally, the two parties plan to issue AEDZ on the XRP Ledger (XRPL). Michael Chan, CEO of Zand, stated that leveraging stablecoins and tokenization technologies can unlock new use cases for bringing traditional finance on-chain. AEDZ is the UAE’s first regulated, multi-chain AED-backed stablecoin, fully backed 1:1 by dirham reserves. This collaboration aims to support the UAE’s goal of doubling the contribution of its digital economy by 2032. (The Fintech Times)

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