UAE telecom giant e& has signed a memorandum of understanding (MoU) with Al Maryah Community Bank to test whether a regulated dirham stablecoin can support mainstream consumer payment scenarios. The cooperation will focus on AE Coin—a stablecoin licensed by the Central Bank of the UAE (CBUAE) and pegged 1:1 to the dirham—for use across e&'s various digital channels. According to the MoU, e& will assess whether AE Coin can be integrated into its payment system, including mobile and home service bill payments, prepaid recharge and postpaid bill management, and interaction with e&'s digital platform and smart services. (Cointelegraph)