AE Coin

IM-01 1 (single CBUAE-licensed issuer, AED Stablecoin LLC). IM-02 5 (minted against dirham deposits, no debt mechanism). IM-03 2 (fiat reserves only, no real-economy signal). IM-04 4 (elastic, mint and burn on demand, no cap). IM-05 4 (contraction by user-initiated redemption). Average 3.2.

SPS-01 2 (1:1 redemption plus arbitrage, no protocol mechanism). SPS-02 2 (AED is pegged to USD, so the reference carries USD inflation; the EUR wrappers in this class score 3 here and that is the whole difference). SPS-03 2 (audits asserted on the site, no public reserve dashboard or attestation found). SPS-04 3 (licensed Dec 2024, but no public price feed or exchange listing was found this run, so no live deviation data can be cited). SPS-05 3 (daily parity only). SPS-06 2 (UAE mainland retail, KYC-gated). Weighted 2.4.

Every question scores 1. FI-01 hard 1:1 AED peg, FI-02 100% fiat reserves, FI-03 cannot function without banks, FI-04 fiat denomination throughout, FI-05 fails with the dirham, FI-06 no transition path stated, FI-07 monolithic, FI-08 no public chain or contract address found so no interoperability surface exists. Weighted 1.0.

TR-01 5 (federal-government acceptance announced 2026-04-02, e& integration live). TR-02 2 (licensed Dec 2024, about 20 months). TR-03 2 (no user count is published anywhere, scored conservatively). TR-04 3 (all federal government authorities plus e&; that is institutional breadth, not thousands of merchants). TR-05 2 (always quoted as an AED equivalent). TR-06 4 (GM Ramez Rafeek named and public). TR-07 4 (Mbank, Commercial Bank of Dubai, ADIB, Network International, e&, Ministry of Finance). TR-08 4 (Gulf News, Khaleej Times, Zawya, plus law-firm analyses). TR-09 3 (government authorization drives it, mixed with commercial uptake). TR-10 4 (government acceptance and telecom integration both landed inside 12 months). TR-11 2 (national-infrastructure framing, no community identity). Weighted 2.9.

SO-01 1 (CBUAE can revoke the licence). SO-02 1 (no public chain, contract address or source found this run). SO-03 1 (wholly UAE). SO-04 1 (AEC Wallet is custodial via Al Maryah Community Bank; no self-custody path found). SO-05 4 (institutional, bank-backed). SO-06 2 (depends on Mbank and an undisclosed ledger). SO-07 2 (licensed issuer, KYC, freeze capability implied by the regime). SO-08 1 (full KYC, operator surveillance). SO-09 1 (no public contract, so the monetary rules are policy documents only). Weighted 1.3.

GO-01 3 (formal governance exists but only because the CBUAE licence imposes it). GO-02 1 (single company). GO-03 1 (no public governance record and no on-chain mechanism to audit). GO-04 1 (single owner). GO-05 1 (unilateral). GO-06 1 (no separation). GO-07 2 (no charter; the constraint is an external rulebook). GO-08 2 (CBUAE regulation caps issuance from outside, the issuer moves freely inside it). Weighted 1.6.

RE-01 1 (no adversarial event faced). RE-02 2 (single wallet operator, undisclosed ledger). RE-03 2 (recovery depends on issuer records). RE-04 4 (a 1:1 wrapper is a one-page design). RE-05 2 (chain not disclosed, so no migration path can be assessed). RE-06 3 (full reserves under the Payment Token Services Regulation, untested). RE-07 3 (applying run 206's reading: interest on a small float does not fund the operation, the issuer and its bank partner subsidise it). RE-08 2. RE-09 2 (KYC-gated wallet, no public contract for machine access). Weighted 2.1.

IN-01 2 (UAE residents and businesses, KYC). IN-02 4 (no minimum balance found, low stated fees). IN-03 3 (distributed through a community bank serving UAE residents, but not designed for the excluded). IN-04 2 (seigniorage accrues to the issuer). IN-05 4 (same 1:1 terms for everyone). IN-06 2 (government ID KYC required). IN-07 3 (no mechanism either way). Weighted 2.8.