Network International has launched an in-store pilot in the UAE for payments using an AED-backed stablecoin. The pilot runs through Network’s partnership with DDSC. Customers with supported wallets can pay at Network’s existing point-of-sale terminals at Marks & Spencer in Dubai Festival City and LuLu Hypermarket in Abu Dhabi. DDSC is a dirham-backed stablecoin licensed [...] The post Network International Pilots DDSC Stablecoin Payments in UAE appeared first on Fintech News UAE .
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Dubai’s Virtual Assets Regulatory Authority (VARA) and Securitize Corp. (NYSE: SECZ) have signed a Memorandum of Understanding (MoU) establishing a framework for collaboration to support tokenisation and digital asset infrastructure across the Emirate of Dubai. The MoU is a broad cooperation framework rather than the announcement of a specific tokenised product or technology stack, a [...] The post VARA, Securitize Agree Framework for Dubai Tokenised Markets appeared first on Fintech News UAE .
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First Abu Dhabi Bank (FAB) has completed a live USD transaction with Citi using tokenised deposits on Swift’s blockchain-based ledger. The bilateral transaction tested how existing Swift payment messaging can work with tokenised deposits to support 24/7 cross-border payments. According to FAB, it is the first bank in the Middle East and Africa to reach [...] The post FAB And Citi Complete Live Tokenised Deposit Transaction On Swift’s Ledger appeared first on Fintech News UAE .
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Coinbase has secured regulatory approval to establish an international tokenisation hub in Abu Dhabi. The company received a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The approval allows it to arrange investment deals and provide custody services for tokenised securities. Coinbase said securities issued and registered [...] The post Coinbase Opens New Abu Dhabi Chapter With Tokenisation Hub appeared first on Fintech News UAE .
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ARP Digital has secured a Broker-Dealer licence from Dubai’s Virtual Assets Regulatory Authority (VARA), upgrading the in-principle approval it received in April and making the UAE its second regulated Gulf market. The licence lets the Bahrain-headquartered firm offer UAE-domiciled corporates, capital markets participants, and qualified investors regulated conversion between digital assets, stablecoins, and the UAE [...] The post ARP Digital Also Secures VARA Crypto Licence in Dubai appeared first on Fintech News UAE .
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Stablecoins is entering a more mature phase in the United Arab Emirates (UAE), driven by regulatory clarity, development in digital asset infrastructure, and regional payment needs. A new paper by industry trade group MENA Fintech Association and blockchain startup Fireblocks looks at the state of this market, outlining emerging trends and key opportunities across cross-border [...] The post Remittances, B2B Payments Among the Most Promising Stablecoin Use Cases in the UAE appeared first on Fintech News UAE .
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The UAE dirham-backed stablecoin DDSC has received a No Objection Certificate from the Central Bank of the UAE (CBUAE) to go live on selected exchange platforms regulated by the Virtual Assets Regulatory Authority (VARA). Backed by IHC, First Abu Dhabi Bank (FAB), and Sirius International Holding, the digital asset is working toward transitioning from institutional [...] The post UAE Dirham Stablecoin DDSC Cleared for VARA-Linked Exchange Listings appeared first on Fintech News UAE .
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HSBC has partnered with Mastercard to launch a mobile virtual card solution for corporate clients in the UAE. By embedding tokenised virtual commercial cards directly into digital wallets, businesses can now manage contactless business and travel expenditures more easily. Using the Mastercard In Control for Mobile Payments platform, HSBC becomes the first global bank to [...] The post HSBC and Mastercard Introduce Mobile Virtual Corporate Cards in UAE appeared first on Fintech News UAE .
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HSBC has expanded its digital money infrastructure by launching its Tokenised Deposit Service in the UAE to enable real-time treasury management for corporate clients. The service allows eligible institutional businesses to execute 24/7 domestic and cross-border fund transfers instantly via blockchain rails. The introduction of the service brings the UAE dirham into a digital asset [...] The post HSBC Launches Tokenised Deposit Service in the UAE appeared first on Fintech News UAE .
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Mawarid Finance has partnered with Athar Finance to develop and issue stablecoin-powered payment cards in the UAE. The collaboration aims to enable consumers to use digital assets for everyday transactions within a secure and Shariah-compliant financial framework. Through this initiative, both companies intend to integrate stablecoin payment capabilities into existing financial infrastructure to meet the [...] The post Mawarid Finance and Athar Finance to Launch Stablecoin Payment Cards appeared first on Fintech News UAE .
Reviewed Fintech News Middle East reporting on Payments matters for Stablecoin payments readers.