ADNOC, the UAE's largest fuel retailer, will begin accepting stablecoin payments.

According to Odaily Planet Daily, ADNOC Distribution announced that it has signed a memorandum of understanding with Al Maryah Community Bank to accept AE Coin stablecoin payments across its retail network of nearly 980 service locations in the UAE, Saudi Arabia, and Egypt.

Customers can use AE Coin to make payments at petrol pumps, Oasis by ADNOC convenience stores, and car washes through Al Maryah Community Bank's AEC Wallet. AE Coin is the UAE's first central bank-licensed stablecoin, pegged 1:1 to the UAE dirham.

Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, stated that this move is an important step for the company in bringing secure, regulated digital payments to everyday retail. ADNOC Distribution operates 562 sites in the UAE, 172 sites in Saudi Arabia, and 243 sites in Egypt.