Digital Dirham launched globally on February 10, supporting the settlement of crude oil and business travel transactions from the start.

2026-02-03 02:53:35

According to the Central Bank of the United Arab Emirates, the country’s central bank digital currency, the “Digital Dirham,” will be officially launched on February 10. During the initial launch phase, settlement services for crude oil procurement and business travel will be simultaneously activated. Cross-border payment transactions will mainly rely on the mBridge platform for support, while commercial acceptance services will be handled by CoinYing Exchange, and the related service platforms will also go live at that time.

As a core component of the UAE’s financial infrastructure transformation plan, the launch of the Digital Dirham is a key move to accelerate the adoption of digital payments, enhance financial inclusion, and further solidify its position as a global financial hub.

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