Zand, a digital bank in the UAE, has partnered with Ripple to explore the issuance of the AEDZ stablecoin on the XRP Ledger. This collaboration aims to enhance the digital economy in the region by leveraging Zand's UAE Dirham stablecoin AEDZ and Ripple's US dollar stablecoin RLUSD. The partnership will focus on several initiatives, including supporting RLUSD in Zand's regulated digital asset custody service and exploring direct liquidity solutions between AEDZ and RLUSD. The strategic partnership builds on previous payment collaborations between the two companies. By issuing AEDZ on the XRP Ledger, Zand and Ripple aim to utilize the blockchain's compliance and risk control mechanisms to ensure secure and efficient transactions.