TechFlow News, May 26: International Holding Company (IHC), an Abu Dhabi-based investment firm, has completed a $30 million (approximately AED 110 million) transaction on the ADI Chain using DDSC, a UAE dirham–backed stablecoin—marking DDSC’s first major institutional-level application following its regulatory approval.
DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding and approved by the Central Bank of the United Arab Emirates. The project team stated that this milestone demonstrates the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and that subsequent efforts will focus on establishing digital trade and payment corridors connecting the Middle East with global markets.
