Dubai, UAE — The United Arab Emirates have taken a major leap towards a digital future by officially approving AE Coin as a payment method for all federal government fees. This initiative, supervised by the UAE Central Bank, makes AE Coin the country's first licensed stablecoin, fully backed by the UAE Dirham and accessible via the AEC Wallet from Al Maryah Bank. To implement this adoption, leading UAE banks, including Commercial Bank of Dubai (CBD), Abu Dhabi Islamic Bank (ADIB), and Network International, have signed separate memoranda of understanding with Al Maryah Bank. These agreements establish the necessary banking infrastructure to enable AE Coin transactions across all federal ministries and service channels. This landmark achievement solidifies the UAE's global leadership in the organized innovation of digital assets and its commitment to building a secure, efficient, and technologically advanced government ecosystem. It creates a seamless bridge between regulated blockchain-based value and essential government services, allowing for secure and efficient digital payments to flow nationwide. This move is part of the UAE's broader vision for a next-generation government that is more agile and integrated, with blockchain technology playing a pivotal role under clear and advanced regulation.
