Dirham-Backed Stablecoin DDSC Launches on ADI Chain, Licensed by the UAE Central Bank
IHC and First Abu Dhabi Bank-initiated DDSС stablecoin goes dwell with the UAE Central Bank approval and license, proving ADI Chain’s readiness to assist regulated world monetary and capital markets infrastructure at scale.
The Dirham-Backed Stablecoin DDSC is now dwell on ADI Chain. Backed 1:1 by UAE Dirham reserves, it was initiated by International Holding Company (IHC), one in every of the largest funding firms in the world, with $240 billion in capitalization, and First Abu Dhabi Bank (FAB) – the UAE’s largest financial institution with over $330 billion in belongings and 33% of the UAE banking market share.
DDSC is authorised and licensed by the UAE Central Bank and operates solely on ADI Chain, an institutional-grade Layer 2 blockchain infrastructure constructed for national-scale deployment. FAB serves as the banking associate, offering custody of fiat reserves and bringing 4 million clients throughout 20 markets and many years of banking infrastructure onto programmable blockchain rails.
The mannequin is designed with clear separation. IHC and FAB initiated the stablecoin venture, with Sirius International Holding supporting deployment and institutional adoption. DDSC, a registered entity, serves as the distributor and issuer. The UAE Central Bank authorised and licensed it. ADI Chain hosts it on compliance-ready infrastructure.
Proving the Compliance-Ready Blockchain Model
Stablecoins have reached a world scale. According to a16z crypto’s State of Crypto report, stablecoin transactions exceeded $46 trillion in 2024. Usage now resembles conventional fee rails slightly than speculative buying and selling. Digital money is shifting from a crypto-native software to a strategic nationwide infrastructure.
DDSC demonstrates that compliance necessities don’t battle with public blockchain advantages. The infrastructure delivers on the spot settlement, 24/7 availability, and clear transaction rails. Industry information reveals the UAE processes over $70 billion in digital fee transaction worth yearly, alongside practically $50 billion in cross-border remittances and important trade flows throughout MENA-Asia-Africa corridors. DDSC stablecoin offers compliant settlement rails for these present flows.
When a Central Bank trusts blockchain infrastructure for financial settlement, governments and establishments worldwide take discover. Post-mainnet, ADI secured MOUs with BlackRock, Mastercard, and Franklin Templeton for tokenized asset settlement, blockchain fee rails, and digital product infrastructure, alongside M-Pesa Africa for cross-border remittance rails throughout eight African markets. These collaborations validate the compliance-first method.
The Infrastructure Behind Sovereign Settlement
ADI Chain is the first institutional Layer 2 blockchain for stablecoins and real-world belongings in MENA. The ADI Foundation was based by Sirius International Holding, the digital arm of IHC, which is one in every of the world’s largest funding holding firms.
The basis developed ADI Chain as a purpose-built infrastructure for rising markets the place compliance, safety, and regulatory alignment can’t be compromised.
The structure rests on three pillars:
- Compliance-ready infrastructure begins with the ADI Foundation, which operates underneath the ADGM regulatory framework.
- Efficient execution leverages ZKsync’s Airbender expertise, making ADI the first blockchain to implement the newest technology of zero-knowledge proof techniques.
- Secure structure is validated by way of OpenZeppelin’s complete audit masking core contracts, infrastructure, token requirements, and significant techniques.
This mixture creates infrastructure that addresses institutional wants with out compromising the advantages of public blockchain expertise.
ADI: The Utility Token
Every blockchain requires a gasoline token to perform. For governments and establishments constructing compliant infrastructure, that token must ship capabilities past processing transactions.
ADI serves as the core utility token for MENA’s first institutional Layer 2 ecosystem. The token processes all good contract executions, dApp interactions, and worth transfers throughout ADI Chain and its L3 sovereign networks. It capabilities as the medium of alternate throughout the ecosystem, facilitating settlement between enterprises, builders, validators, and customers, making a unified settlement layer for community operations.
DDSC stablecoin operates on ADI Chain’s infrastructure, the place ADI capabilities as the utility token powering on-chain transactions. When customers switch DDSC for funds, settlements, or cross-border remittances, ADI processes the underlying blockchain operations.
The Path Forward
DDSC represents the first step in a bigger infrastructure play. The roadmap strikes by way of clear levels: show the mannequin with the UAE’s dirham, prolong to different GCC currencies, hook up with Africa through M-Pesa infrastructure, and allow interoperable settlement throughout MENA-Africa-Asia.
The objective is a community of institution-backed regional stablecoins, all interoperable on ADI Chain, making a compliant settlement infrastructure for rising markets. ADI Foundation is constructing infrastructure to assist a number of governments launching regional stablecoins on the similar compliance-ready settlement layer.
A 12 months in the past, the ADI Foundation introduced its formation at Abu Dhabi Finance Week. Twelve months later, it returned to the similar stage to announce the mainnet launch. Today, Dirham-Backed stablecoin DDSC goes dwell on ADI Chain, proving that regulated nationwide stablecoins can function on public blockchain infrastructure.
About ADI Foundation & ADI Chain
ADI Foundation is an Abu Dhabi-based non-profit based by Sirius International Holding, a subsidiary of IHC, devoted to empowering governments and establishments in rising markets by way of blockchain infrastructure. The basis’s mission is to deliver one billion individuals into the digital economic system by 2030, constructing on a basis of 500+ million individuals already inside its ecosystem attain.
ADI Chain is the first institutional Layer 2 blockchain for stablecoins and real-world belongings in the MENA area, offering settlement infrastructure for a dirham-backed stablecoin initiated by IHC and FAB, licensed by the UAE Central Bank. The community operates on three pillars – Compliance, Efficiency, Security – serving governments implementing blockchain infrastructure throughout the Middle East, Asia, and Africa.
For extra data, go to the Official Website, LinkedIn, and X.
DISCLAIMER: ADI Foundation is an Abu Dhabi-based not-for-profit DLT Foundation (“ADI”) and registered with Abu Dhabi Global Market (“ADGM”) underneath business license quantity (20599) and ruled by ADGM’s DLT Foundation Regulation of 2023. ADI Chain and tokens developed by ADI will not be topic to registration with ADGM’s monetary regulator, the Financial Services Regulatory Authority (“FSRA”). ADI’s Chain is used by regulated and non-regulated third events for the deployment of digital belongings.
ADI Chain and the ADI token are developed by ADI. ADI points solely utility tokens which aren’t regulated digital belongings underneath the regulatory framework of ADGM’s Financial Services Regulatory Authority (“FSRA”) and subsequently, ADI’s tokens will not be topic to registration with the FSRA or different monetary regulators.
All options, token utilities, timelines, and launch particulars are topic to vary with out discover. No ensures are made relating to future efficiency or token worth. This content material is for informational functions solely and doesn’t represent funding, authorized or tax recommendation, nor a suggestion to purchase or promote any digital belongings. Investment capital is a danger.
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