Dirham-Backed Stablecoin DDSC to Launch on Blockchain in the UAE

The Central Bank of the UAE has approved the launch of DDSC, a UAE dirham-backed stablecoin, for institutional use on the ADI Chain blockchain. The approval allows DDSC to go live within institutional financial infrastructure, marking its entry into regulated payment and settlement rails. The stablecoin will operate on ADI Chain and is intended to support payments, treasury operations and trade settlement.

DDSC is issued by a consortium comprising IHC, Sirius International Holding and First Abu Dhabi Bank. The structure positions the asset within established financial and investment institutions, aligning its deployment with regulated financial activity.

The dirham-backed stablecoin is designed to facilitate institutional transactions, including cross-border trade and internal treasury functions, within a blockchain-based framework. By anchoring the digital asset to the UAE dirham and securing central bank approval, the initiative integrates digital currency infrastructure into the country’s formal financial system.