ADNOC to Allow Stablecoin Transactions at 980 Fuel Stations in Three Nations
ADNOC's New Payment Method: ADNOC Distribution will accept AE Coin stablecoin payments at nearly 980 service stations across the UAE, Saudi Arabia, and Egypt, following a partnership with Al Maryah Community Bank.
About AE Coin: AE Coin is the first stablecoin licensed by the UAE Central Bank, backed 1:1 with the dirham, making it suitable for everyday transactions rather than speculation.
Impact on Retail: The integration of stablecoin payments signifies a shift in crypto usage from online platforms to real-world retail, demonstrating the functionality of regulated stablecoins within existing financial systems.
Significance for the Region: ADNOC's adoption of AE Coin highlights the UAE's leadership in regulated crypto innovation and the growing acceptance of blockchain technology in everyday transactions.
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