UAE federal government recognizes AED stablecoin AE Coin for payments

The UAE federal government has recognized the regulated AED stablecoin, AE Coin, powered by MBank (Al Maryah Community Bank), for government-fee payments. UAE businesses and individuals will be able to pay government service fees using AE Coin and its associated AEC Wallet. To ensure that AE Coin can be utilized by a wide range of […] source: https://www.cryptopolitan.com/uae-recognizes-aed-stablecoin-for-payments/