UAE telecom giant e& has signed a memorandum of understanding (MoU) with Al Maryah Community Bank to test whether a regulated dirham stablecoin can support mainstream consumer payment scenarios. The cooperation will focus on AE Coin—a stablecoin licensed by the Central Bank of the UAE (CBUAE) and pegged 1:1 to the dirham—for use across e&'s various digital channels. According to the MoU, e& will assess whether AE Coin can be integrated into its payment system, including mobile and home service bill payments, prepaid recharge and postpaid bill management, and interaction with e&'s digital platform and smart services. (Cointelegraph)

AE0.96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)