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The MoU marks a cautious step toward real-world stablecoin payments in the UAE, with e& assessing how AE Coin may integrate into its digital channels.
Update Dec. 11, 12:45 pm UTC: This article has been updated to add another section about e& moneyās partnership with Crypto.com.
United Arab Emiratesā telecom giant e& is reportedly preparing to test whether regulated stablecoins can support mainstream consumer payments, having signed a memorandum of understanding (MoU) with Al Maryah Community Bank to explore the use of a dirham-pegged stablecoin across its digital channels.Ā Ā
According to a Gulf News report, executives framed the collaboration as part of the UAEās push toward regulated digital finance. Hatem Dowidar, e& Group CEO, said the stablecoin enables āinstant settlement, complete transparency, and frictionless access.ā
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