DDSC stablecoin has launched on ADI Chain.
This Dirham-backed stablecoin live on the layer 2 chain with a collaborative effort from several UAE technology, banking, and enterprise participants. Led by ADI Foundation, Sirius International Holding, IHC (International Holding Company), FAB (First Abu Dhabi Bank) and approved by the UAE Central Bank.
The UAE landscape is seeing the proliferation of both local and foreign fiat-backed stablecoins being launched under the the 3 distinct regulatory frameworks (CBUAE for national oversight, FRSA across Abu Dhabi and VARA in Dubai).

