UAE telecom giant e& to pilot stablecoin for bill payments

UAE telecommunications giant e& has partnered with local lender Al Maryah Community Bank to explore a pilot program for bill and service payments using AE Coin, a dirham-pegged stablecoin authorized by the Central Bank of the UAE (CBUAE), Cointelegraph reported. The company plans to review the integration of the stablecoin into its digital platforms for payments such as mobile and home service fees.