Abu Dhabi Integrates AED Stablecoin for Taxi Payments in Digital Push

Abu Dhabi's transport sector takes a leap into blockchain-based payments with the adoption of AE Coin (AEC) stablecoin for taxi services. The Integrated Transport Center (ITC) and Al Maryah Community Bank (MBank) finalized an agreement enabling AED-pegged digital payments, marking a strategic MOVE toward cashless mobility solutions.

A live transaction demonstration showcased the AEC Wallet's functionality, aligning with the emirate's Digital Government Strategy 2025. "This initiative simplifies payments while advancing our smart transport ecosystem," stated Ghena Jbour of Abu Dhabi Tawasul Transport, emphasizing the project's role in sustainable infrastructure development.

MBank CEO Mohammed Wassim Khayata highlighted the stablecoin's compliance advantages: "We're delivering secure, cost-effective transit payments anchored in blockchain technology." The partnership signals broader ambitions for AEC Wallet integration across government and commercial sectors.