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The UAE has played a "trump card": the telecom giant e& has teamed up with the central bank to launch a dirham stablecoin, ready to completely change your daily payment methods!
According to reports, e& has signed a key agreement with Al Maryah Community Bank to test the real-world application of the central bank-backed AE Coin in mainstream consumption scenarios. This digital currency, pegged 1:1 to the dirham, has been officially approved by the Central Bank of the UAE, meaning it has the same stability and compliance guarantees as traditional fiat currency.
$币安人生
The test will cover the daily scenarios we are most familiar with: mobile phone top-ups and household bill payments, prepaid recharges, postpaid bill management, and even full interaction with e&'s digital platforms and smart services. This means that in the future, you will be able to use digital currency for everyday high-frequency consumption with just a touch of your finger, faster and more transparently.
What is even more noteworthy is that this cooperation directly targets the two key phrases: "regulated" and "mass application." Once the test is successful, AE Coin may be integrated into e&'s payment ecosystem, becoming the bridge between traditional finance and digital payments, further promoting the UAE's move towards a cashless society.
Data shows that the Middle East's digital payment market is growing at a rate of over 20% per year, and the layout of central bank digital currencies and stablecoins has become the core track of regional fintech competition. e&'s move undoubtedly paves the way for future payment habits of millions of users.
Do you think central bank digital currencies will quickly replace daily mobile payments? Will this experiment in the UAE become the next explosive point for the global stablecoin application?
Let's discuss your views in the comments below 👇