UAE telecom group e& to trial dirham-backed stablecoin payments across digital services
Key Takeaways
- e UAE is piloting AE Coin, a stablecoin pegged to the UAE dirham, for everyday consumer payments.
- The initiative follows a partnership between e and Al Maryah Community Bank to advance digital asset payment solutions.
UAE telecom giant e is testing a dirham-backed stablecoin called AE Coin for everyday payments after signing a memorandum of understanding with Al Maryah Community Bank.
The initiative will integrate AE Coin into e UAE’s infrastructure, enabling customers to use it for bill payments, recharges, self-service kiosks, and future e-commerce touchpoints. The move brings regulated stablecoin utility to one of the country’s most widely used consumer ecosystems.
Bank CEO Mohammed Wassim Khayata said the pilot broadens real-world adoption of compliant virtual assets, while AED Stablecoin GM Ramez Rafeek called it a milestone for mainstream stablecoin integration.
Last month, Tether announced the launch of a new UAE Dirham-pegged stablecoin in collaboration with Phoenix Group and Green Acorn Investments, aiming to boost the regional digital economy through regulatory compliance with the UAE Central Bank.
Earlier this year, OKX expanded to the UAE, offering dirham-denominated trading and local bank integration to attract institutional and retail crypto investors.
Earlier this year, Tether disclosed plans for a UAE Dirham-pegged stablecoin in partnership with Phoenix Group, seeking to diversify its stablecoin offerings and leverage the UAE’s crypto-friendly reputation.
In May, Dubai’s Department of Finance partnered with Crypto.com to enable crypto payments for government services, aligning with its Cashless Strategy to enhance its global digital city stature.
Earlier this week, Circle introduced CCTP V2, facilitating seamless USDC transfers across Stellar and other blockchains, thereby improving the security and efficiency of cross-chain transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PENGU Price Forecast: Managing Immediate Market Fluctuations and Exploring Future AI Opportunities
- PENGU token's price fell to $0.01114 in Nov 2025, far below its 2024 peak of $0.068, amid regulatory and macroeconomic risks. - Short-term volatility is amplified by SEC ETF delays, $7.68M short positions, and susceptibility to broader crypto market downturns. - Long-term potential emerges through AI-driven features like dynamic staking and cross-chain interoperability, plus Schleich's physical collectible partnerships. - Pudgy Penguins' hybrid digital-physical model, including Walmart retail presence, d
The Rise of Dynamic Clean Energy Markets
- CleanTrade, CFTC-approved as a Swap Execution Facility (SEF), transformed clean energy markets into institutional-grade assets by standardizing VPPAs, PPAs, and RECs. - The platform addressed fragmented pricing and opaque risks, enabling $16B in transactions within two months and bridging renewable assets with institutional capital. - Institutional investors now use CleanTrade’s tools to hedge fossil fuel volatility and lock in renewable energy prices, mirroring traditional energy strategies. - Global cl
COAI Token Fraud: Insights for Cryptocurrency Investors During Times of Regulatory Ambiguity
- COAI token's 88% collapse in late 2025 exposed systemic risks in AI-driven DeFi ecosystems, with $116.8M investor losses. - Governance flaws included 87.9% token concentration in ten wallets, untested AI stablecoins, and lack of open-source audits. - Panic selling accelerated by AI-generated misinformation and CEO resignation, amid conflicting global crypto regulations. - Lessons emphasize scrutinizing token distribution, demanding transparent audits, and avoiding jurisdictions with regulatory ambiguity.
Renewable Energy Training as a Key Investment to Meet Future Workforce Needs
- Farmingdale State College's Wind Turbine Technology program aligns with surging demand for skilled labor in decarbonizing economies, driven by U.S. renewable energy targets. - Industry partnerships with Orsted, GE Renewable Energy, and $500K in offshore wind funding validate the program's role in addressing workforce shortages in expanding wind sectors. - Hands-on training with GWO certifications and VR simulations prepares graduates for high-demand, high-salary roles ($56K-$67K annually), reducing corpo
Trending news
MoreCrypto prices
More
