ADNOC Distribution to Accept UAE’s AE Coin Stablecoin at 980 Fuel and Retail Locations

ADNOC Distribution, the largest fuel and convenience retailer in the UAE, has partnered with Al Maryah Community Bank to start accepting AE Coin stablecoin payments. This integration will be available at nearly 980 service stations across the United Arab Emirates, the Kingdom of Saudi Arabia, and Egypt, covering fuel pumps, Oasis by ADNOC convenience stores, and car washes. AE Coin is noted as the UAE’s first stablecoin, licensed by the Central Bank and backed 1:1 with dirhams. ADNOC Distribution's CEO, Eng. Bader Saeed Al Lamki, stated this move signifies a step toward bringing secure, regulated digital payments to everyday retail, showcasing an early use case for a sovereign-backed digital asset in commerce.

(Source：CoinDesk)