AE Coin goes live
AE Coin — billed as the UAE’s first CBUAE‑licensed AED stablecoin, 100% backed — is now live for POS and e‑commerce payments via Network International, enabling instant blockchain settlement. (x.com) The launch is being positioned as a payments rails play to speed retail and online AED transactions while staying under central‑bank oversight. (x.com)
AE Coin received in‑principle approval under the CBUAE’s Payment Token Services framework on October 14, 2024 and secured its final Central Bank licence on December 10, 2024. (gulfnews.com) The token is issued by AED Stablecoin LLC and the project’s management, including General Manager Ramez Rafeek, says AE Coin is fully reserved and pegged 1:1 to the UAE dirham with plans for transparent reserves and regular audits. (aecoin.com) Al Maryah Community Bank’s AEC Wallet — described by the bank as the region’s first wallet for an AED‑denominated stablecoin — allows users to buy, hold, top up and cash out AE Coin and is promoted on Mbank’s site and app listings. (mbank.ae) Select Market, a UAE retail chain, has signed on to accept AE Coin payments via the AEC Wallet at store checkouts as part of early merchant rollouts announced in mid‑2025. (gulfnews.com) MBank has enabled AEC Wallet top‑ups using other cryptocurrencies after receiving regulatory approvals for the wallet, a capability the bank says will expand funding options for AE Coin users. (thefinanceworld.com) Network International’s leadership framed their collaboration on the AE Coin project as a step to advance regulated stablecoin payment capabilities across the UAE’s payments ecosystem. (network.ae) AE Coin’s publicly stated roadmap includes integration with decentralized applications and plans for listings on major exchanges as part of a broader push to extend utility beyond payments. (gulfnews.com)
