UAE Launches AE Coin Stablecoin for Telecom Payments, Backed by AED

36Crypto

Release Time:12/11/2025 09:31:31

UAE telecom giant e& has launched AE Coin, a stablecoin pegged to the AED, in partnership with Al Maryah Community Bank. The token enables digital payments for telecom bills, top-ups, and recharges, with plans to expand to kiosks and e-commerce. The move supports blockchain adoption in the UAE, which is pushing for a cashless economy. Meme coin news often grabs attention, but this stablecoin initiative reflects broader institutional interest in blockchain. The UAE ranks second in crypto adoption, with 25.3% of its population holding digital assets, per ApeX Protocol.

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