The United Arab Emirates’ telecom giant e& is reportedly preparing to pilot the use of regulated stablecoins for everyday consumer payments after signing an MoU with Al Maryah Community Bank. The partnership will explore integrating a dirham-pegged stablecoin across e&’s digital channels.
As reported by Gulf News, executives positioned the collaboration as part of the UAE’s broader push toward regulated digital finance. e& Group CEO Hatem Dowidar said the stablecoin model offers “instant settlement, complete transparency, and frictionless access.”
Al Maryah Community Bank CEO Mohammed Wassim Khayata called the effort a step toward expanding the “real-world applications” of licensed virtual assets.
Although the initiative highlights rising interest in blockchain-based payment infrastructure, it remains an early-stage pilot—still far from widespread, real-world deployment.
