According to CoinDesk, ADNOC Distribution announced a Memorandum of Understanding with Al Maryah Community Bank to accept AE Coin stablecoin payments across its retail network of nearly 980 service points in the UAE, Saudi Arabia, and Egypt. Customers can use AE Coin to pay at gas pumps, Oasis by ADNOC convenience stores, and car washes through Al Maryah Community Bank's AEC Wallet. AE Coin is the UAE's first central bank-licensed stablecoin, pegged 1:1 to the UAE Dirham. ADNOC Distribution CEO Eng. Bader Saeed Al Lamki stated that this move is a significant step for the company in introducing secure, regulated digital payments to everyday retail. ADNOC Distribution operates 562 sites in the UAE, 172 sites in Saudi Arabia, and 243 sites in Egypt.
Abu Dhabi National Oil Company will accept stablecoin payments at nearly 980 gas stations.
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