EmCoin signed a memorandum of understanding with Crypto.com to broaden digital-asset access in the UAE, improve trading capabilities, and jointly explore asset tokenization. The deal sets a framework for collaboration though specific terms and timelines were not disclosed.
The UAE has launched government-backed Bitcoin mining operations, joining other nation-states running large-scale crypto mines. The move could shift global hashrate distribution and affect BTC network dynamics and regulation.
RAKBank has received in-principle approval from the UAE Central Bank to issue a dirham-backed stablecoin, bringing a local bank into the country’s intensifying stablecoin competition. The move underscores growing regulator support for regulated fiat-pegged tokens in the UAE.
Binance has introduced new procedures for global users after securing three licenses from Abu Dhabi Global Market (ADGM), marking a step toward a more regulated international footprint.
Mastercard is expanding its stablecoin-based settlement capability to the UAE through a partnership with Abu Dhabi–based ADI Foundation, covering both domestic and cross-border payments. The move could accelerate settlement times and support the UAE's broader digital finance ambitions.
ADNOC now accepts AE Coin stablecoin payments at 980 fuel stations across the UAE, Saudi Arabia and Egypt, enabling crypto payments for fuel and in-store purchases. The deployment is among the largest stablecoin rollouts in the energy sector.
Crypto.com has teamed with e& Money to pilot integrated licensed crypto services in the UAE, aiming to bolster the country's regulated crypto ecosystem. The collaboration targets expanded payment, custody, and on-ramp offerings under local oversight.
UAE telecom operator e& has signed an MoU to trial AE Coin, a Dirham-pegged stablecoin, as a payment option for customer bills. The initiative is positioned as a cautious step toward real-world stablecoin usage in the UAE.
Circle has received a license from Abu Dhabi Global Market (ADGM) to offer USDC and EURC stablecoins across the UAE. The move expands compliant fiat-linked crypto availability in the region.
Circle has received a license from Abu Dhabi Global Market (ADGM) to expand USDC payment and settlement services across the United Arab Emirates. The approval paves the way for broader commercial use of USD-pegged stablecoin rails in the region.