UAE's largest refiner ADNOC introduces stablecoin AE Coin… supports payments at 980 stores
Uk Jin
Summary
- ADNOC has officially announced the introduction of payments with the stablecoin 'AE Coin'.
- AE Coin is the first stablecoin approved by the UAE central bank and is pegged 1:1 to the dirham.
- ADNOC said it will integrate safe, regulated digital payments into retail through this payment introduction.
On the 13th (Korean time), ADNOC Distribution, the petrol station chain of UAE state-owned oil company ADNOC, announced it will introduce payments using the stablecoin (a virtual asset pegged to a fiat currency) 'AE Coin'.
ADNOC operates 562 stations in the UAE, 172 in Saudi Arabia, and 243 in Egypt.
AE Coin is the first stablecoin approved by the UAE central bank and is backed 1:1 by the dirham. ADNOC said it is offering the service as part of efforts to integrate safe, regulated digital payments into everyday retail through AE Coin.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
