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Highlights:
United Arab Emiratesā telecom company e& is preparing to explore the use of regulated stablecoins for everyday consumer payments. The company signed a memorandum of understanding with Al Maryah Community Bank to trial AE Coin, a dirham-backed token licensed by the Central Bank of the UAE within its payment network.
A global first in telecom payments
AE Coin partners with e& UAE, making it the worldās first telecom giant to accept a Central Bankālicensed stablecoin
Millions of users will soon pay bills recharge & transact digitally using via AEC Wallet
Born in the UAE Built for the world pic.twitter.com/xeOW5PsOijā AE Coin (@AECoin_UAE) December 10, 2025
The companyās customers will be able to complete fast, secure, and fully regulated blockchain transactions. The stablecoin can be used to pay mobile and home service bills, recharge prepaid and postpaid accounts, access e& digital platforms, use smart self-service kiosks, and support upcoming digital services or e-commerce features.
According to Gulf News, the initiative matches the UAEās push toward regulated digital finance. Hatem Dowidar, e& Group CEO, said the āWith the Central Bank-licensed stablecoin, e& UAE is setting a new standard for regulated digital finance: instant settlement, complete transparency, and frictionless access. For our customers, this means choice, trust, and speed.ā
Al Maryah Community Bank CEO Mohammed Wassim Khayata said the project is a step toward using licensed digital assets in real-world applications. The pilot is still in an early phase and is several steps away from wider adoption.
The company is also planning to add e-commerce services with AE Coin in the future. This would make the stablecoin a possible alternative payment method in one of the UAEās largest consumer networks. Ramez Rafeek, General Manager of AED Stablecoin LLC, said AE Coin delivers fast, clear, and regulated digital payments. He called the partnership with e& UAE a key step to show how licensed stablecoins can serve everyday consumer services.
The pilot supports the UAEās goals for secure blockchain adoption and wider access to regulated digital payments. Integrating AE Coin reflects the countryās long-term vision for a cashless society. It also offers a model that could expand to other industries as digital finance grows. This development makes the UAE one of the early adopters in the Middle East exploring stablecoins for daily consumer payments. It shows the countryās active approach to financial innovation and digital transformation.
AED Stablecoin was one of the first companies to get preliminary approval from the Central Bank under its Payment Token Service Regulation framework. This early approval makes the company a leader in the UAEās growing stablecoin market.
UAE CENTRAL BANK GREENLIGHTS AED STABLECOIN
ā The Central Bank of the United Arab Emirates (CBUAE) has officially granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework.
ā This approval makes AED Stablecoin the frontrunner toā¦ https://t.co/UnScFEkPLf pic.twitter.com/hKyCwoT4MT
ā BSCN (@BSCNews) October 14, 2024
Despite gaining interest, it remains in its initial stage. The memorandum of understanding signals plans but does not indicate a full launch. The schedule, scale, and expected results are still unspecified. A successful trial would hopefully reveal how regulated tokens can operate in the background of day-to-day finance.
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