UAE Fuel Company Introduces Stablecoin Payment Options Throughout Its Network

Partnership for Payment Solutions: ADNOC Distribution is collaborating with Al Maryah Community Bank to implement AE Coin payments at nearly 1,000 fuel and retail outlets across the UAE, Saudi Arabia, and Egypt, utilizing the AEC Wallet for instant digital settlements.

Significance of AE Coin: AE Coin, a regulated stablecoin backed by dirhams and licensed by the UAE Central Bank, represents a significant step in integrating blockchain technology into everyday transactions, particularly in the fuel payment sector.

Modernizing Payment Experiences: The initiative aims to enhance payment experiences by providing a digital alternative that allows for instant settlements, without replacing traditional cash or card methods, while operating within a regulated framework.

Future Implications: If successful, the AE Coin rollout could lead to broader applications in public services, transportation, and retail, positioning the UAE as a leader in compliant digital-asset infrastructure.