Mbank and Blockchain Center Abu Dhabi unite to drive AE Coin payments adoption in the UAE

Abu Dhabi: Al Maryah Community Bank has signed a strategic partnership with Blockchain Center Abu Dhabi to offer AE Coin payments through AEC Wallet, the UAE’s first Central Bank–regulated stablecoin, to accelerate blockchain adoption and empower businesses and individuals with secure, regulated digital financial solutions.

The collaboration underscores a shared commitment to supporting the UAE’s vision of becoming a global leader in digital innovation and financial technology. By leveraging AE Coin’s stability, pegged to the UAE dirham and backed by the Central Bank, alongside Blockchain Center Abu Dhabi’s expertise in blockchain education, advisory, and ecosystem development, the partnership will provide a strong foundation for safe, transparent, and practical blockchain use cases.

Key objectives of the partnership include:

• Enabling seamless transactions for businesses and individuals through AEC Wallet.

• Supporting blockchain education and capacity building in Abu Dhabi and beyond.

• Promoting regulatory-compliant innovation, aligned with the UAE’s digital economy strategy.

• Driving adoption of stablecoin solutions in payments, remittances, and digital commerce.

“This partnership with Blockchain Center Abu Dhabi demonstrates our commitment to extending the reach of AE Coin and AEC Wallet as trusted, regulated experiences for digital finance. Together, we are enabling businesses and individuals to experience blockchain innovation with the confidence of stability, security, and compliance,” said Mohammed Wassim Khayata, CEO of Al Maryah Community Bank.

“We are proud to join forces with Al Maryah Community Bank and AE Coin in advancing blockchain adoption across Abu Dhabi. This collaboration not only accelerates the integration of stablecoin solutions but also strengthens our mission to build knowledge, trust, and practical applications of blockchain in the UAE and beyond,” said Abdulla Al Dhaheri, Chief Executive Officer, The Abu Dhabi Blockchain Center.

“AE Coin was created to reshape everyday finance by combining the benefits of blockchain with the trust of central bank regulation and a 1:1 peg to the UAE dirham. Together with Al Maryah Community Bank and Blockchain Center Abu Dhabi, we are building more than just a payment token, we are laying the foundation for a future where businesses and individuals can pay, settle, and transfer value instantly, securely, and with full regulatory confidence. Our focus is forward-looking positioning the UAE as a global leader in the digital economy.” said Ramez Rafeek, General Manager of AED Stablecoin

The partnership aligns with the UAE’s national digital economy strategy and positions Abu Dhabi as a catalyst for blockchain-powered innovation in the region.