ADNOC Distribution operates as the UAE’s leading fuel and convenience retail business, which has taken a major step to improve digital payment accessibility. TheADNOC Distribution operates as the UAE’s leading fuel and convenience retail business, which has taken a major step to improve digital payment accessibility. The

AE Coin Stablecoin Payments Now Available at ADNOC Distribution’s 980 Service Stations

  • ADNOC Partners with a Bank to enable AE Coin payments across 980 service stations.
  • Stable Digital Currency: UAE’s first Central Bank-approved stablecoin, backed 1:1 with dirhams.
  • ADNOC’s adoption of AE Coin signals a shift towards blockchain-based payment systems.

ADNOC Distribution operates as the UAE’s leading fuel and convenience retail business, which has taken a major step to improve digital payment accessibility. The partnership between Al Maryah Community Bank and the company aims to introduce AE Coin stablecoin payments across their retail network, which includes almost 980 service stations operating in the UAE and Saudi Arabia, and Egypt. The implementation of digital payments in physical stores continues its advancement toward total market availability.

The Collaboration

The cooperation between ADNOC Distribution and Al Maryah Community Bank is realized through the signing of a memorandum of understanding (MOU). The agreement enables customers to pay via AE Coin through the bank’s AEC Wallet at fuel pumps, Oasis by ADNOC convenience stores, and car washes. The availability of AE Coin is an excellent example of how a digitally issued asset backed by a sovereign can be used in the routine business sector.

Source: ZAWYA

AE Coin is the first Central Bank-approved stable digital currency in the UAE, and it is fully backed by dirhams. So, the value of AE Coin is always equivalent to the value of the dirham, which makes it a very stable and safe medium of payment.

Also Read: OSL Group Unveils USDGO Stablecoin in 2025: Revolutionising Institutional Payments

A Step Forward

The action is a major step forward in the company’s efforts to give everyday retail customers safe and controlled digital payment options, according to Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution. The organisation oversees 243 petrol stations in Egypt, 172 in Saudi Arabia, and 562 in the United Arab Emirates.

The use of AE Coin in operations by ADNOC Distribution, one of the biggest oil companies in the UAE, is a game-changer for international digital payments. This action demonstrates the potential for governments and businesses to test a blockchain-enabled transaction system before making a full transition. The landscape of digital payments has been steadily expanding. All we can do is watch to see how many other businesses and governments react.

Also Read: Standard Chartered Ringgit Stablecoin Plan Advances With AirAsia Parent

Summary

The cooperation between ADNOC Distribution and Al Maryah Community Bank is a big leap forward in the employee adoption of digital payments in frontline retail. By using AE Coin stablecoins as means of transactions, it enables a safe and sound environment for the execution of money exchange. Consequently, as a result of the move, ADONC Shiphome workers are free to use AE Coin as a convenient channel for their in-person purchases.

The digital payments environment is fast becoming popular. There are so many companies and governments considering the merits of block chain-based transaction systems. One wonders how they will eventually decide to ​‍​‌‍​‍‌​‍​‌‍​‍‌move.

Also Read: Cobo Integrates Plasma for Zero-Gas USDT0 Stablecoin Payments Worldwide

Market Opportunity
Aeternity Logo
Aeternity Price(AE)
$0.006315
$0.006315$0.006315
-0.78%
USD
Aeternity (AE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Bitcoin and Ethereum ETFs See $232M in Outflows as Traders De‑Risk Ahead of Christmas

Bitcoin and Ethereum ETFs See $232M in Outflows as Traders De‑Risk Ahead of Christmas

U.S. spot Bitcoin and Ethereum ETFs recorded combined net outflows of approximately $232 million on Wednesday, as traders trimmed exposure ahead of the Christmas holiday and year‑end liquidity slowdown.
Share
MEXC NEWS2025/12/26 16:51
MICA Rules Come into Effect! Another European Country Issues a Very Strong Warning to Crypto Exchanges! Here Are the Details

MICA Rules Come into Effect! Another European Country Issues a Very Strong Warning to Crypto Exchanges! Here Are the Details

The post MICA Rules Come into Effect! Another European Country Issues a Very Strong Warning to Crypto Exchanges! Here Are the Details appeared on BitcoinEthereumNews
Share
BitcoinEthereumNews2025/12/26 15:25
Ethereum Hits Losing Streak: How Massive Liquidations Impact ETH Price

Ethereum Hits Losing Streak: How Massive Liquidations Impact ETH Price

Ethereum has entered a sharp losing streak, with cascading liquidations and technical weakness fueling volatility across the market. A wave of $1.8 billion in long liquidations on September 23 wiped out more than 370,000 traders, leaving Ethereum (ETH) particularly exposed. This market update is powered by Outset PR, the first data-driven crypto PR agency that equips blockchain projects with precise, effective strategies to boost visibility.  $1.8B Liquidations Trigger ETH Sell-Off The crypto market’s heavy reliance on leverage has once again backfired. ETH futures accounted for over $500 million of the $1.8 billion long liquidation, underscoring Ethereum’s vulnerability to sudden drawdowns. Leverage risk: With the average funding rate at +0.0029%, traders were heavily overexposed. Domino effect: When ETH broke below $4,150, stop-losses and margin calls triggered a cascading sell-off. Open interest: ETH derivatives open interest surged 19% in 24h, showing volatility was amplified by excessive speculation. The high-leverage environment created a fragile setup where a single breakdown sparked a chain reaction of forced selling. Technical Weakness Adds Pressure ETH also faces mounting technical headwinds after failing to hold critical levels. Pivot breakdown: ETH slipped below its 24h pivot point at $4,250. Resistance: The 38.2% Fibonacci retracement at $4,624 now serves as resistance. Beyond that, MACD histogram at -33.17 signals clear bearish momentum, while the RSI at 40.46 is weak but not oversold, leaving room for further downside. Price targets: Short-term traders are eyeing $4,092 (September 23 low) as the next support.Long-term structure remains intact as long as ETH holds above the 200-day EMA ($3,403), suggesting investors aren’t panic-selling yet. PR with C-Level Clarity: Outset PR’s Proprietary Techniques Deliver Tangible Results  If PR has ever felt like trying to navigate a foggy road without headlights, Outset PR brings clarity with data. It builds strategies based on both retrospective and real-time metrics, which helps to obtain results with a long-lasting effect.  Outset PR replaces vague promises with concrete plans tied to perfect publication timing, narratives that emphasize the product-market fit, and performance-based media selection. Clients gain a forward-looking perspective: how their story will unfold, where it will land, and what impact it may create.  While most crypto PR agencies rely on standardized packages and mass-blast outreach, Outset PR takes a tailored approach. Each campaign is calibrated to match the client’s specific goals, budget, and growth stage. This is PR with a personal touch, where strategy feels handcrafted and every client gets a solution that fits. Outset PR’s secret weapon is its exclusive traffic acquisition tech and internal media analytics.  Proprietary Tech That Powers Performance One of Outset PR’s most impactful tools is its in-house user acquisition system. It fuses organic editorial placements with SEO and lead-generation tactics, enabling clients to appear in high-discovery surfaces and drive multiples more traffic than through conventional PR alone. Case in point: Crypto exchange ChangeNOW experienced a sustained 40% boost in reach after Outset PR amplified a well-polished organic coverage with a massive Google Discover campaign, powered by its proprietary content distribution engine.   Drive More Traffic with Outset PR’s In-house Tech Outset PR Notices Media Trends Ahead of the Crowd Outset PR obtains unique knowledge through its in-house analytical desk which gives it a competitive edge. The team regularly provides valuable insights into the performance of crypto media outlets based on the criteria like: domain activity month-on-month visibility shifts audience geography source of traffic By consistently publishing analytical reports, identifying performance trends, and raising the standards of media targeting across the industry, Outset PR unlocks a previously untapped niche in crypto PR, which poses it as a trendsetter in this field.  Case in point: The careful selection of media outlets has helped Outset PR increase user engagement for Step App in the US and UK markets. Outset PR Engineers Visibility That Fits the Market One of the biggest pain points in Web3 PR is the disconnect between effort and outcome: generic messaging, no product-market alignment, and media hits that generate visibility but leave business impact undefined. Outset PR addresses this by offering customized solutions. Every campaign begins with a thorough research and follows a clearly mapped path from spend to the result. It's data-backed and insight-driven with just the right level of boutique care. Outlook Ethereum’s latest slump highlights the double-edged sword of leverage. Excessive positioning fueled sharp liquidations, while technical weakness reinforced the bearish momentum. Yet, with the 200-day EMA still holding firm, long-term holders remain calm for now. This analysis was brought to you by Outset PR, the first data-driven crypto PR agency. Just as Ethereum’s market path hinges on reclaiming key levels, Outset PR helps projects reclaim visibility and momentum with strategies grounded in data and measurable results. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr  X: x.com/OutsetPR    Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Share
Coinstats2025/09/23 23:29