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ADNOC to Accept Stablecoin Payments Across 980 Fuel Stations in Three Countries
Source: CryptoTicker Original Title: ADNOC to Accept Stablecoin Payments Across 980 Fuel Stations in Three Countries Original Link: https://cryptoticker.io/en/adnoc-accepts-stablecoin-payments-ae-coin/
ADNOC Brings Stablecoin Payments to Everyday Retail
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, will begin accepting AE Coin stablecoin payments across nearly 980 service stations in the UAE, Saudi Arabia, and Egypt.
The move follows a partnership with Al Maryah Community Bank, enabling customers to pay using AE Coin via the AEC Wallet at fuel pumps, Oasis by ADNOC convenience stores, and car wash services.
What Is AE Coin?
AE Coin is the first stablecoin licensed by the UAE Central Bank and is backed 1:1 with the dirham, making it suitable for regulated, everyday transactions rather than speculation.
Why This Matters
By integrating stablecoin payments at scale, ADNOC is pushing crypto beyond online use cases and into real world retail. The rollout shows how regulated stablecoins can function within existing financial systems while offering faster and more flexible digital payments.
Bottom Line
ADNOC’s adoption of AE Coin marks a major step for stablecoin usage in the Middle East, reinforcing the UAE’s position as a leader in regulated crypto innovation and real world blockchain adoption.