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UAE Telecom Giant e& to Pilot Dirham Stablecoin for Consumer Payments

UAE Telecom Giant e& to Pilot Dirham Stablecoin for Consumer Payments

Author:

Global Cryptocurrency

Published:

2025-12-11 15:45:01

14

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BTCCSquare news:

Emirates telecom heavyweight e& is partnering with Al Maryah Community Bank to test AE Coin, a dirham-pegged stablecoin licensed by the Central Bank of the UAE. The pilot will integrate the token into e&'s digital services, including mobile bill payments and prepaid recharges, marking a strategic push toward blockchain-based financial infrastructure.

The initiative underscores the UAE's broader ambition to mainstream regulated digital finance. e& CEO Hatem Dowidar emphasized the stablecoin's potential for instant settlement and transparent transactions, positioning it as a cornerstone of the country's fintech evolution.

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