#支付系统与数字支付 The UAE's stablecoin payment ecosystem is accelerating its formation. ADNOC Distribution has deployed AE Coin payments at its 562 gas stations and 243 Egyptian locations. This is not just a simple integration of payment tools—it's a reflection of traditional energy giants' recognition of on-chain payment infrastructure.

Looking at key data points: First, AE Coin has received regulatory approval from the central bank and has signed agreements with telecom operator e& and logistics group 7X, expanding the ecosystem coverage; second, Crypto.com recently received a preliminary approval for the SVF license from the UAE Central Bank, opening an official digital payment channel; third, retail scenarios have extended from gas stations to convenience stores and car washes, increasing payment frequency.

A key observation is the flow of funds. Once large-scale retail transactions are on-chain, the amount of traceable on-chain data will multiply—user accumulation, daily active users, and transaction volume will all show clear signals. This is crucial for assessing the adoption rate of stablecoins in the region.

Currently, there are no policy obstacles, and the regulatory framework is being laid out. What’s missing is transaction volume verification. Once this wave of data accumulates, analyzing whale addresses' holdings and liquidity will help determine whether this is genuine demand or just a marketing cycle.