According to ADNOC Distribution, a new agreement with Al Maryah Community Bank will allow AE Coin payments via AEC Wallet at nearly 1,000 service stations across three countries.
ADNOC Distribution announced it has signed a memorandum of understanding with Al Maryah Community Bank to accept AE Coin stablecoin payments at 980 service stations in the UAE, Saudi Arabia, and Egypt. Customers will be able to use AE Coin through the bank's AEC Wallet for fuel, convenience store, and car wash services. AE Coin is licensed by the UAE Central Bank and pegged 1:1 to the dirham, ensuring a regulated and stable digital payment option.