UAE giant IHC completes its first institutional-scale dirham stablecoin transaction, with an amount of 30 million dollars.
BlockBeats News, May 26—According to official sources, the Abu Dhabi-headquartered International Holding Company (IHC) announced that it has completed a transaction worth 30 million US dollars (110 million dirhams) using a UAE dirham-backed stablecoin. This marks the first major institutional application of the stablecoin since receiving regulatory approval. The transaction used the DDSC stablecoin and was executed on the institutional-grade Layer-2 blockchain, ADI Chain, developed by the ADI Foundation.
According to the official statement, this multi-million dollar transaction demonstrates the operational readiness of the digital currency ecosystem and its capacity to handle institutional-level transaction volumes. DDSC was created by IHC in collaboration with First Abu Dhabi Bank and Sirius International Holding, with technical support from the ADI Foundation.
The Central Bank of the UAE’s approval of DDSC earlier this year was part of a broader regulatory push, with several dirham-pegged tokens previously licensed. The IHC CEO stated in a release: “This transaction shows that the UAE’s digital infrastructure is active, resilient, and ready to support real institutional financial activity.”
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