e& Group Explores Stablecoin Payments
Update: 2025-12-11
Description
The United Arab Emirates telecom giant, e&, is partnering with Al Maryah Community Bank to explore the use of a dirham-backed stablecoin, AE Coin, for everyday consumer payments. This collaboration is part of the UAEs push towards regulated digital finance, aiming to integrate stablecoin payments into real-world transactions. The stablecoin, designed for instant, transparent, and regulated digital payments, could be used for mobile and home services, top-ups, and managing recharges, as well as interacting with e&s digital platforms. If successful, this pilot program could pave the way for regulated digital tokens to power routine financial activities, making transactions smoother and more efficient.
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