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Breaking News: UAE’s First AED-Backed Stablecoin Powers Real Estate Payments via Mbank’s AEC Wallet
Abu Dhabi: Al Maryah Community Bank (Mbank), The UAE’s first fully integrated digital bank, has announced a strategic collaboration with East & West International Group (EWIG) to officially launch AE Coin payment capabilities for property transactions through the AEC Wallet, powered by Mbank. This milestone highlights EWIG’s leadership in UAE real estate by enabling blockchain-powered payments through AE Coin, the nation’s first AED-backed stablecoin regulated by the Central Bank of the UAE.
This partnership marks a major leap forward in the practical application of blockchain in real estate, enabling buyers and tenants to settle payments instantly and securely using AE Coin, while benefiting from lower transaction costs and greater transparency, all within a fully compliant and regulated ecosystem.
#BreakingNews #UAE