The latest collaboration between e& and Mbank marks one of the most significant advancements, enabling AE Coin payments across select e& channels and digital touchpoints. AE Coin is a fully backed stablecoin pegged 1:1 to the UAE dirham. Issued under the oversight of the Central Bank of the UAE, it combines blockchain efficiency with currency stability, offering consumers and businesses a safe, transparent, and low-volatility digital payment option.
Unlike traditional cryptocurrencies, AE Coin is designed to function as a practical digital payment method, making it easier for everyday users to interact with blockchain-based financial services without market risk.
e& and AE Coin
With the signing of the new agreement, users will soon be able to settle mobile and home service bills using AE Coin, top up prepaid and postpaid mobile accounts, and complete purchases and transactions across e&'s growing digital ecosystem. This marks one of the first large-scale integrations of a stablecoin into everyday consumer payments in the Middle East, bridging the gap between traditional telecom services and the future of digital finance.
For millions across the region, this integration means easier, faster, and more secure transactions. Stablecoins like AE Coin simplify blockchain-based payments, making them accessible to mainstream users.
As more companies and financial institutions explore blockchain-powered solutions, AE Coin's integration with e& sets the tone for the next wave of digital transformation. Future possibilities include:
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E-commerce integrations
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Government service payments
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Cross-border remittances
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Smart cities and IoT-powered financial services.
The collaboration between e& and AE Coin is more than a technological upgrade; it's a defining moment for the region's financial future. By merging telecom scale with blockchain stability, the partnership delivers real-world utility, expands digital payment options, and accelerates the region toward a more innovative, inclusive economic landscape.
