StablyticsThe Stablecoin Market Map
Directory
Zand Bank logo

Zand Bank

UAE digital bank issuing the first regulated AED stablecoin

Visit site

About

Zand Bank is a UAE AI-powered digital bank (rated BBB+ by Fitch) that launched Zand AED, the country's first regulated, multi-chain AED-backed stablecoin on public blockchains, approved by the Central Bank of the UAE. Issued via subsidiary Zand Trust and built with Taurus tokenization and wallet technology, Zand AED is fully backed 1:1 by dirham reserves in segregated accounts with independently audited smart contracts and reserve attestations.

Issued the UAE's first regulated AED-backed stablecoin on public blockchains.

Stablecoins

Zand AED

Key products

Zand AEDZand TrustZand AED stablecoinDigital bankingTokenization

Chains

Ethereum
Founded
2022
HQ
Dubai, UAE
Stage
Private
Funding
Privately held digital bank

Related companies

Al Maryah Community Bank (Mbank) logo

Al Maryah Community Bank (Mbank)

UAE digital bank powering the AE Coin stablecoin wallet

Al Maryah Community Bank, known as Mbank, is the UAE's first fully integrated digital bank serving consumers and SMEs. It developed and operates the AEC Wallet, the region's first wallet for the AED-denominated stablecoin AE Coin, and powers AE Coin's distribution and government-fee payment use cases. Mbank has signed partnerships with e& UAE, Network International and others to enable AE Coin payments across telecom, point-of-sale and e-commerce channels.

Fiat-Backed IssuersBanking & Reserves
AllUnity logo

AllUnity

Issuer of EURAU, Germany's first MiCAR-compliant euro stablecoin

AllUnity is a joint venture established by DWS (Deutsche Bank's asset manager), Flow Traders and Galaxy that issues EURAU, Germany's first fully reserved, MiCAR-compliant euro stablecoin. AllUnity holds an E-Money Institution license from BaFin (granted July 2025) and issues EURAU 1:1 backed under a multi-bank reserve model, launching on Ethereum with Flow Traders as designated market maker and expansion to Solana.

Fiat-Backed IssuersBanking & Reserves
Anchorage Digital logo

Anchorage Digital

First federally chartered crypto bank; stablecoin issuer and custodian

Anchorage Digital is the only federally chartered US crypto bank, providing qualified custody plus turnkey, federally regulated infrastructure for minting, redeeming and managing stablecoin issuance. It issues USDtb (with Ethena, reserves in BlackRock's BUIDL), acquired USDM issuer Mountain Protocol, and serves as a regulated issuance partner for stablecoin programs.

Banking & ReservesCustody & SecurityIssuance & Orchestration
Anchorpoint logo

Anchorpoint

HKD-backed stablecoin JV of Standard Chartered, Animoca and HKT

Anchorpoint Financial Limited is a joint venture established by Standard Chartered Bank (Hong Kong), Animoca Brands and HKT to issue a regulated Hong Kong dollar-backed stablecoin, HKDAP (HKD At Par). The venture was granted a stablecoin issuer licence by the Hong Kong Monetary Authority under the Stablecoins Ordinance, combining Standard Chartered's banking infrastructure, Animoca's Web3 expertise and HKT's mobile wallet reach across payments, finance and cross-border use cases.

Fiat-Backed IssuersBanking & Reserves
Banking Circle logo

Banking Circle

Issuer of EURI

Banking Circle, a Luxembourg-based bank supervised by the CSSF, issues EURI, a MiCA-compliant euro stablecoin, integrating it with its cross-border banking and payments infrastructure for financial institutions.

Fiat-Backed IssuersBanking & ReservesPayments & PSPs
BitGo logo

BitGo

Qualified custodian and digital asset infrastructure

BitGo is a pioneering institutional custodian with a long Bitcoin custody track record, operating OCC and state trust charters. It provides multisig and MPC custody, off-exchange settlement (Go Network), wallet infrastructure and stablecoin issuance (USDS via World Liberty / WBTC custody). BitGo completed the first crypto custodian IPO in January 2026.

Custody & SecurityIssuance & OrchestrationFiat-Backed Issuers