Overview
- ADNOC Distribution signed an MOU with Al Maryah Community Bank to accept AE Coin via the AEC Wallet at fuel pumps, convenience stores and car washes across nearly 980 locations in the UAE, Saudi Arabia and Egypt.
- AE Coin is presented by partners as licensed by the UAE Central Bank and backed 1:1 with dirhams to enable instant, supervised digital settlement.
- Telecom group e& entered an MOU with Al Maryah Community Bank to pilot AE Coin for bill payments, mobile recharges, self‑service kiosks and other digital touchpoints.
- Both collaborations are exploratory pilots with no confirmed rollout timetable or assurance of wider implementation.
- e& money is evaluating Crypto.com for custody and liquidity features, while other entrants such as Tether’s planned dirham token signal a competitive market for regulated payment coins.