#美联储降息 The UAE telecommunications giant e& has recently made a big move: partnering with Al Maryah Community Bank to bring the central bank-backed AE Coin digital dirham into real payment scenarios.

According to industry reports, the two institutions have already signed an agreement and are preparing for actual testing at the consumer level. This AE Coin is pegged 1:1 to the dirham and has received official approval from the UAE Central Bank, ensuring both stability and compliance.

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What’s next to be tested? The most common scenarios in daily life—recharging mobile phones, paying water and electricity bills, postpaid bills, and other similar services. Plus, various digital services and smart applications from e& itself. It sounds pretty simple, but once operational, it means high-frequency daily transactions can be completed directly with digital currency—fast, transparent, and eliminating the need for cash.

The key points of this initiative are twofold: first, having regulatory backing; second, achieving large-scale application. If the testing goes smoothly, AE Coin is likely to be integrated into e&’s entire payment ecosystem, serving as a bridge between traditional finance and digital payments, and helping the UAE accelerate into a cashless era.

Just look at the market data—there’s clearly a boom—Middle Eastern digital payment market is growing over 20% annually. Central bank digital currencies and stablecoins are already becoming a must-have in the region’s fintech landscape. e&’s move is essentially laying the groundwork for the payment habits of millions of future users.

Honestly, do you think central bank digital currencies can quickly replace current mobile payments? Will this move in the UAE spark the next wave of stablecoin applications worldwide? Feel free to share your thoughts in the comments👇