“A new deal with Al Maryah Community Bank brings stablecoin payments to the pumps, shops and car washes at ADNOC retailers in UAE, Saudi Arabia and Ethiopia.”, — write: www.coindesk.com
The retailer signed a memorandum of understanding (MOU) with Al Maryah Community Bank to enable customers to pay using AE Coin via the bank’s AEC Wallet at fuel pumps, Oasis by ADNOC convenience stores and car washes, the company said in a statement.
The rollout of AE Coin provides an early example of how a sovereign-backed digital asset can be used in everyday commerce, signaling a potential shift in how governments and private companies experiment with blockchain-based payment systems.
“This move is a meaningful step in ADNOC Distribution’s efforts to bring secure, regulated digital payments to everyday retail,” said Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution. The company operates 562 stations in the UAE, 172 in Saudi Arabia and 243 in Egypt.
AE Coin is the UAE’s first stablecoin licensed by the Central Bank and backed 1:1 with dirhams. Its adoption by ADNOC Distribution moves the currency into real-world retail, where it can now be used by millions across the company’s nearly 1,000 sites.
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YouTube has added PayPal’s dollar-pegged stablecoin as a payout option for US content creators, marking one of PYUSD’s most high-profile use cases yet.
- YouTube enabled US content creators to receive their earnings in PayPal’s stablecoin PYUSD.
- The move highlights how major tech platforms, including Apple, Airbnb and X, are increasingly exploring stablecoins as a payout rails.
- YouTube’s use of PYUSD marks one of the most prominent examples of PayPal’s stablecoin being used for creative monetization, expanding its role beyond backend payments into consumer-facing income streams.
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