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
The HYPE Token Crypto Rally: Unveiling the Driving Force Behind Its Week-Long Surge
- HYPE Token's 7-day surge in late 2025, reaching $35.08, was driven by protocol upgrades, institutional backing, and retail FOMO. - Institutional investments like Paradigm’s $581M stake and retail-driven momentum mirrored the 2021 Dogecoin rally. - However, looming token unlocks and bearish indicators, including a $11B unlock of 237M tokens, raised sustainability concerns. - Technical analysis showed mixed signals, with consolidation near support levels and short-term volatility risks, while broader trend
How CFTC-Recognized Platforms Such as CleanTrade Are Transforming the Landscape of Clean Energy Investments
- CFTC-approved CleanTrade introduces a regulated SEF for clean energy derivatives, addressing market fragmentation and liquidity gaps. - The platform enables institutional-scale trading of vPPAs/RECs, achieving $16B notional volume in two months by aggregating demand/supply. - Integrated risk analytics (e.g., CleanSight) enhance transparency, allowing investors to hedge project-specific risks like grid congestion and curtailment. - Dual investment pathways attract hedge funds/pension funds through direct
The Rise of CFTC-Regulated Clean Energy Markets: Opening a New Chapter for Institutional Investors
- CFTC's 2025 approval of REsurety's CleanTrade as a SEF marks a landmark shift in clean energy markets by introducing standardized, transparent trading for VPPAs and RECs. - The platform attracted $16B in notional value within two months, enabling rapid institutional-grade transactions that previously took months to negotiate. - By addressing liquidity gaps and enabling precise risk modeling, CleanTrade is accelerating capital flows into decarbonization while bridging ESG investment gaps for institutional
The Increasing Overlap Between Health and Financial Wellbeing in Managing Personal Finances
- Global wellness economy to hit $9 trillion by 2028, driven by holistic well-being trends. - Millennials/Gen Z prioritize wellness as lifestyle, with 55% spending over $100/month on health. - Employers integrate financial wellness into health programs to reduce burnout and boost productivity. - Investors target wellness-driven SaaS, healthcare tech , and financial literacy platforms for holistic solutions.
Trending news
MoreCrypto prices
More
