UAE Sees Significant 55% Rise in Stablecoin Activity

This growth has positioned stablecoins as the dominant force in the UAE’s crypto market, now accounting for 51% of activity, surpassing both Bitcoin and Ether. New Central Bank regulations are expected to support even greater adoption and innovation.

Centralized exchanges (CEXs) led the way with 78% of stablecoin transactions, reflecting increasing use in settlements, remittances, and everyday transactions. Retail-sized transfers accounted for most transactions, demonstrating a strong and growing engagement among individual users.

Tether (USDT) is currently the most popular stablecoin, but the upcoming Dirham-backed stablecoin promises to open even more avenues for use, from remittances and eCommerce to real estate and government payments, setting the stage for a transformative impact on the UAE’s financial landscape.

‍