UAE telecom group e& to trial dirham-backed stablecoin payments across digital services

UAE telecom giant e& is testing AE Coin, a stablecoin pegged to the UAE dirham, for everyday consumer payments through a partnership with Al Maryah Community Bank. This pilot will integrate AE Coin into e& UAE’s infrastructure, allowing customers to use it for services like bill payments and recharges. This initiative aims to bring regulated stablecoin utility to a major consumer ecosystem and advance the real-world adoption of compliant virtual assets. The move follows other recent developments in the UAE's digital finance sector, including Tether's launch of a dirham-pegged stablecoin and OKX's expansion into the region.

(Source：Crypto Briefing)