More than half a million users could be paying with AE Coin stablecoin soon
UAE professional services firm, Nephos Group, which has a client base of over 500 businesses, is now accepting AED stablecoin payments using AE Coin, the UAE Central Bank licensed AED stablecoin. This could potentially reach half a million end users who potentially could use AE Coin for digital payments.
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The announcement is part of the expansion of AE Coin’s merchant ecosystem, further accelerating the adoption of regulated digital payments across the UAE. Through AEC Wallet, Nephos Group clients can now settle invoices in seconds using AE Coin, benefiting from faster settlement times and reduced reliance on traditional banking rails.
Mohammed Wassim Khayata, Chief Executive Officer of Al Maryah Community Bank, said, “AE Coin reflects our vision of building practical, future-ready financial infrastructure that supports the UAE’s digital economy. Seeing AE Coin expand into professional services through this partnership with Nephos Group demonstrates how regulated digital payments are becoming a real solution for businesses, delivering greater efficiency, faster settlement, and a stronger client experience.”
AEC Wallet, developed to support the growing demand for compliant digital payment solutions, enables users to send, receive, and pay using AE Coin, fully backed 1:1 by the UAE Dirham, ensuring stability, transparency, and trust.
Ramez Rafeek, General Manager of AED Stablecoin, added, “We’re seeing regulated stablecoins move beyond trading activity and into real-world business transactions. Bringing professional services into the AEC ecosystem is an important step in making digital payments a practical option for companies operating in regulated environments.”
The addition of Nephos Group reinforces AE Coin’s rapid momentum across both public and private sectors, including its adoption for government service payments and integrations across key industries such as retail, hospitality, and mobility.
By integrating AEC Wallet, Nephos Group is leveraging next-generation financial infrastructure to enhance client experience, offering:
● Invoice settlement in seconds rather than days
● Lower transaction costs compared to card payments and international bank transfers
● Direct wallet-to-business payments without intermediaries
● Transparent pricing through an AED-pegged digital currency
Joe David, CEO & Founder at Nephos Group, explained, “Stablecoins are moving from the edges of finance into core business operations. For firms like ours, where clients operate across jurisdictions, the ability to settle payments instantly in a regulated digital currency is a meaningful improvement on traditional payment infrastructure.”
AE Coin is being used by both governmental and private sector across UAE
AE Coin over the past year has been increasing its client base both on the private sector front as well as public. In February 2026, the UAE Federal government recognized regulated AED stablecoin, AE Coin, for government-fee payments. UAE businesses and individuals will be able to pay government service fees using AE Coin, and its associated AEC Wallet.
Additionally, Etisalat telecom operator also has chosen AE Coin for stablecoin payments, as have 7X Logistics, EWIG Group, Abu Dhabi Transport department, and many others.
More recently AE Coin, and USD Universal (USDU), a USD-backed stablecoin regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) and registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (PTSR), announced their collaboration to develop a regulated AED–USD digital conversion framework, powered by Al Maryah Community Bank (Mbank).
