US EditionIHC, FAB, Sirius Get Central Bank Nod to Launch Dirham-Backed Stablecoin
8 Articles
8 Articles
UAE Central Bank Authorizes First Dirham-Backed Stablecoin
IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB) today announced that the Central Bank of the UAE (CBUAE) has approved the UAE dirham-backed stablecoin DDSC to go live, marking a significant milestone in the UAE’s regulated digital finance landscape. DDSC will operate on ADI Chain, an institutional Layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation. DDSC builds on the stablecoin initiative first announced in Apri…
IHC, FAB, Sirius get Central Bank nod to launch dirham-backed stablecoin
Stablecoin DDSC is expected to be made available to FAB customers through multiple platforms, supporting institutional and enterprise use cases while maintaining highest standards of compliance
Key points of the news: The DDSC token has a 1:1 backup with the dirham and the support of the First Abu Dhabi Bank (FAB). The stable operates on ADI Chain, driving the use of the ADI token as fuel for transactions. Possible integrations with Mastercard and M-Pesa seek to expand the use of the currency globally. The United Arab Emirates consolidates its position as digital financial hub after the official launch of its first regulated stablecoin…
UAE Launches First Regulated Stablecoin as ADI Trends Higher More Stories ETHNews
The United Arab Emirates has officially launched its first regulated stablecoin, marking another step in the region’s expanding digital asset infrastructure. According to Michaël van de Poppe, the newly introduced DDSC stablecoin is backed 1:1 by the UAE Dirham and initiated by International Holding Company (IHC), which carries a market capitalization of approximately $240 billion, alongside First Abu Dhabi Bank (FAB), which manages roughly $330…
UAE’s Central Bank Approves the DSSC Stablecoin Launch by IHC, FAB, and Sirius
CBUAE has approved the dirham-backed DDSC stablecoin to operate in the UAE. DDSC is a stablecoin product by IHC, FAB, and Sirius International Holding. The latest approval allows the group to introduce DDSC into the UAE’s mainstream sector. According to reports, the Central Bank of the UAE (CBUAE) has approved the launch of the dirham-backed stablecoin, DDSC, for IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB). A Step Forward i…
UAE Approves Dirham-Backed Stablecoin DDSC for Institutional Use
IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB) have announced that the Central Bank of the UAE (CBUAE) has approved the UAE dirham-backed stablecoin DDSC for launch. The stablecoin will operate on ADI Chain, an institutional Layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation. DDSC builds on a stablecoin initiative first announced in April 2025 by IHC and FAB. Sirius International Holding, IHC’s technology-focus…
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