Multiband Orthogonal Frequency DivisionMultiplexing (MB-OFDM) for Ultra Wideband (UWB) technology presents a potential candidate for the diverse set of high performance short-range applications. But this Various techniques have focused on minimizing the PAPR for OFDM systems in the literature. These techniques can also be used for PAPR reduction in MB-OFDM UWB systems to enhance performance. In this paper we suggest to use the ASTC (Algebraic Space Time Codes) as powerful coding technique for MIMO MB-OFDM UWB system combined with PAPR reduction scheme. Thanks to their algebraic construction, the ASTC codes based on quaternion algebras and called the golden codes, are fullrank, full-rate and have the non-vanishing determinant property. It will be shown that ASTC code can provide significantly better performance, when combined with a PAPR reduction scheme.