IHC Moves $30M in DDSC as UAE Digital Payments Scale Up
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International Holding Company executed an AED 110 million ($30M) transfer of the dirham-backed DDSC stablecoin on ADI Chain after UAE Central Bank approval, marking a live institutional test of the country’s digital payments infrastructure. DDSC, developed with First Abu Dhabi Bank and Sirius, is designed for regulated payments, treasury activity and trade settlement on an institutional Layer‑2, signaling practical adoption of regulated stablecoins. The milestone is positive for crypto adoption and institutional use of digital payment rails in the region.
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- IHC executed a $30M DDSC stablecoin transfer on the ADI Chain after UAE approval.
- DDSC stablecoin is designed for regulated payments, treasury activity, and trade settlement.
- The transfer marks a live institutional test for the UAE digital payment infrastructure.
International Holding Company (IHC) has completed an AED 110 million ($30M) transaction using DDSC, placing a regulated dirham-backed stablecoin into live institutional use.
The Abu Dhabi investment group executed the transfer on ADI Chain, an institutional Layer-2 blockchain developed by ADI Foundation. The payment follows the Central Bank of the UAE’s approval of DDSC, which was developed through IHC, First Abu Dhabi Bank, and Sirius International Holding.
DDSC Moves From Central Bank Approval to Live Institutional Use
The transaction marks a shift from regulatory clearance to practical use. For …
Read The Full Article IHC Moves $30M in DDSC as UAE Digital Payments Scale Up On Coin Edition.
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