TechFlow, December 11 — According to Cointelegraph, UAE telecom giant e& has signed a memorandum of understanding with Al Maryah Community Bank to test the application of the dirham-pegged stablecoin (AE Coin) within its payment infrastructure. The pilot project will allow users to pay mobile phone bills, household service fees, and recharge prepaid lines using this stablecoin licensed by the Central Bank of the UAE. e& Group CEO Hatem Dowidar said the stablecoin enables "instant settlement, full transparency, and frictionless access."
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