ADNOC Retailers Adopt Stablecoin Payments in UAE Expansion
ADNOC Distribution has partnered with Al Maryah Community Bank to integrate stablecoin payments across fuel stations, shops, and car washes in the UAE, Saudi Arabia, and Ethiopia. The move targets transactional efficiency and broader financial inclusion, leveraging stablecoins' price stability to mitigate crypto volatility risks.
The collaboration signals a strategic pivot toward digital currency adoption in traditional retail, aligning with regional fintech growth. No specific cryptocurrencies or exchanges were named, but the initiative underscores institutional confidence in blockchain-based settlements.