UAE’s Central Bank Approves the DSSC Stablecoin Launch by IHC, FAB, and Sirius
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The Central Bank of the UAE has approved the dirham-backed stablecoin DDSC, developed by IHC, FAB, and Sirius International Holding. This approval marks a significant step towards integrating digital assets into mainstream finance in the Middle East. DDSC will operate on the ADI Chain blockchain, facilitating wider adoption of stablecoins in the region.
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- 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 in the Middle East’s Digital Economy
The latest approval represents a substantive step forward toward aligning institutional finance with the evolving digital asset economy, particularly in the Middle East region. It moves DDSC into an operational phase, opening the instrument for mainstream adoption.
As indicated in the report, DDSC will operate on the ADI Chain, which is an institutional layer-2 blockchain develop…
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