ADNOC will accept stablecoin payments at nearly 980 service stations across three countries
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ADNOC will accept stablecoin payments at nearly 980 service stations across three countries
ADNOC Distribution announced a memorandum of understanding with Al Maryah Community Bank to accept AE Coin stablecoin payments across nearly 980 service stations in the UAE, Saudi Arabia, and Egypt. Customers can use AE Coin via Al Maryah Community Bank's AEC Wallet to pay at fuel pumps, Oasis by ADNOC convenience stores, and car wash services. AE Coin is the UAE’s first central bank-licensed stablecoin, pegged 1:1 to the dirham. ADNOC Distribution CEO Eng. Bader Saeed Al Lamki said this move marks a significant step in bringing secure, regulated digital payments into everyday retail. ADNOC Distribution operates 562 sites in the UAE, 172 in Saudi Arabia, and 243 in Egypt.
Navigating Web3 tides with focused insightsTechFlow, December 13 — ADNOC Distribution announced it has signed a memorandum of understanding with Al Maryah Community Bank to accept AE Coin stablecoin payments across nearly 980 service locations in the UAE, Saudi Arabia, and Egypt.
Customers can use AE Coin via Al Maryah Community Bank’s AEC Wallet to pay at fuel pumps, Oasis by ADNOC convenience stores, and car wash services. AE Coin is the UAE’s first central bank-licensed stablecoin, pegged 1:1 to the dirham.
Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said this move marks a significant step in bringing secure, regulated digital payments to everyday retail. ADNOC Distribution operates 562 sites in the UAE, 172 in Saudi Arabia, and 243 in Egypt.
