UAE telecom giant e& pilots dirham stablecoin payment system

Jinse Finance reported that UAE telecom giant e& has signed a memorandum of understanding with Al Maryah Community Bank to pilot the use of the dirham stablecoin (AE Coin) in its payment infrastructure. This pilot project will allow users to pay mobile phone bills, home service fees, recharge prepaid lines, and more using this stablecoin, which is licensed by the Central Bank of the UAE.