AE Coin, the AED-backed stablecoin, has onboarded Nephos Group to accept stablecoin payments, marking a shift from retail use cases into mainstream business services.

The move is said to signal a broader transformation in how regulated digital currencies are being used across the UAE, with stablecoins moving beyond trading exchanges and remittances into everyday commercial use.

Through the AEC Wallet, Nephos Group clients could now settle their invoices within seconds using the AE Coin.

The AEC Wallet enables users to send, receive, and pay using the UAE AE Coin, and is fully backed on a 1:1 ratio by the UAE Dirham. Ramez Rafeek, General Manager of AED Stablecoin, shared,

“Bringing professional services into the AEC ecosystem is an important step in making digital payments a practical option for companies operating in regulated environments.”

By integrating AE Wallet, Nephos Group intends to leverage financial infrastructure to elevate client experience. These apply to quicker invoice settlements, lower transaction costs, direct wallet-to-business payments, and transparent pricing.

Joe David, CEO & Founder of Nephos Group, added,

“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.”

Featured image edited by Fintech News Middle East based on an image by brilian on Magnific