ADNOC Distribution Launches AE Coin Payments Across 980 Stations to Boost Digital Economy Growth

The UAE's largest fuel retailer, ADNOC Distribution, has announced that it will start accepting AE Coin, the country's first Central Bank-licensed stablecoin, at nearly 980 of its service stations across the UAE, Saudi Arabia, and Egypt according to reports. The move, made in partnership with Al Maryah Community Bank, will allow customers to pay for fuel, convenience store purchases, and car washes using AE Coin, which is backed 1:1 with the AED according to the report. This initiative marks a major step in integrating digital assets into mainstream retail and is part of the UAE's broader digital economy strategy.

The agreement was signed during Abu Dhabi Finance Week and aligns with the UAE's vision to become a global leader in secure digital payments. ADNOC Distribution will integrate AE Coin through the AEC Wallet by Al Maryah Community Bank into its payment infrastructure, enabling instant, secure, and blockchain-powered transactions according to the report.

The company has been at the forefront of digital innovation in the retail and mobility sector, and this partnership expands its payment options for customers.

The rollout of AE Coin across ADNOC's vast retail network is seen as a real-world test of how a sovereign-backed stablecoin can be used in everyday commerce. This development signals a potential shift in how governments and private companies experiment with blockchain-based payment systems. ADNOC Distribution's CEO, Eng. Bader Saeed Al Lamki, emphasized that the move enhances customer experience and supports the UAE's digital transformation goals.

A Strategic Step in the Future of Payments

The adoption of AE Coin by ADNOC Distribution represents one of the first major applications of digital tokens in the mobility and convenience retail sector according to the report. By integrating blockchain-based transactions into its operations, the company is demonstrating how next-generation payment technologies can be responsibly introduced on a national scale according to the report. The initiative is also expected to increase efficiency and transparency in transactions across both public and private sectors according to the report.

AE Coin is a key component of the UAE's broader digital economy strategy. As a stablecoin, it is designed to facilitate secure, transparent, and efficient financial services according to the report. The digital currency, which is regulated by the UAE Central Bank, is backed by the AED and aims to provide a seamless and secure payment solution for consumers. ADNOC Distribution's adoption of AE Coin shows how regulated virtual assets can be used in real-world retail settings, moving the promise of crypto from concept to utility according to the report.

Supporting the UAE's Digital Economy Ambitions

The partnership between ADNOC Distribution and Al Maryah Community Bank supports several key national strategies. These include the UAE Digital Economy Strategy, the country's ambition to lead global virtual-asset and blockchain innovation, and the advancement of secure, regulated digital-payment ecosystems according to the report. By incorporating AE Coin into its payment channels, ADNOC Distribution contributes to the UAE's digital-economy growth and reinforces the country's position as a hub for future-ready financial technologies according to the report.

The MoU also aligns with the UAE's broader goals of increased efficiency and transparency in transactions. ADNOC Distribution's adoption of AE Coin helps to bring these benefits to millions of consumers across the UAE, Saudi Arabia, and Egypt according to reports. The company's CEO, Eng. Bader Saeed Al Lamki, stated that this initiative is a significant milestone in ADNOC's journey to enhance mobility and convenience retail through innovation according to the report.

What This Means for the Future of Digital Payments

ADNOC Distribution's move to accept AE Coin is likely to have broader implications for the adoption of digital currencies in the retail sector. As one of the UAE's largest and most widely used retail networks, the company's decision sets a precedent for other businesses to follow. The integration of AE Coin into ADNOC's payment infrastructure could encourage further innovation in digital payment solutions, particularly in the mobility and convenience retail sectors according to the report.

The partnership also highlights the role of regulated blockchain technology in simplifying transactions and enhancing customer convenience according to the report. By using AE Coin, customers can make instant, secure, and frictionless payments across ADNOC's network. This initiative not only supports the UAE's digital transformation but also demonstrates how financial innovation can be responsibly introduced and scaled within a regulated environment according to the report.