Mbank Partners with Blockchain Center for AE Coin
Al Maryah Community Bank (Mbank) has formed a strategic partnership with Blockchain Center Abu Dhabi to introduce AE Coin payments through the AEC Wallet — the UAE’s first Central Bank–regulated stablecoin. This collaboration aims to accelerate blockchain adoption and empower both businesses and individuals with secure, regulated digital financial solutions. Moreover, the partnership aligns with the UAE’s national vision to position the country as a global leader in digital innovation and financial technology.
Enhancing Trust and Stability in Digital Payments
By leveraging AE Coin’s stability, pegged to the UAE dirham and backed by the Central Bank, the partnership ensures a trustworthy foundation for digital transactions. In addition, Blockchain Center Abu Dhabi contributes its expertise in blockchain education, advisory, and ecosystem development. Together, the institutions aim to create safe, transparent, and practical blockchain use cases that enhance financial inclusivity and innovation.
Empowering the Digital Economy
The collaboration supports several key objectives, including enabling seamless AE Coin transactions through the AEC Wallet, promoting blockchain education and capacity building, and encouraging regulatory-compliant innovation across sectors. Furthermore, it aims to drive adoption of stablecoin solutions in payments, remittances, and digital commerce. As a result, the initiative strengthens Abu Dhabi’s role as a catalyst for blockchain-powered transformation in the UAE’s growing digital economy.
