Abu Dhabi National Oil Company ADNOC will accept AE Coin stablecoin payments across its network of nearly 980 gas station retail outlets.
Foresight News reports that ADNOC Distribution, a subsidiary of Abu Dhabi National Oil Company, will begin accepting AE Coin stablecoin payments at its retail network of nearly 980 gas stations across the UAE, the Kingdom of Saudi Arabia, and Egypt. This initiative is being implemented in cooperation with Al Maryah Community Bank. AE Coin is the first stablecoin in the UAE to be licensed by the central bank and is pegged 1:1 to the dirham.
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