UAE-backed DDSC stablecoin processes $30M institutional transaction
The International Holding Company (IHC) executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain. The company described the transfer as one of the largest disclosed stablecoin transactions executed in the United Arab Emirates.The transaction follows recent appr…
➤ The UAE-backed DDSC stablecoin facilitated a $30 million institutional transaction on ADI Chain, marking a significant event for stablecoin usage in the region. ➤ This transaction demonstrates the capability of DDSC and ADI Chain for institutional-scale financial activities, with future plans for global payment corridors. ➤ The development aligns with the UAE's broader strategy to expand regulated digital asset services and attract crypto companies, including recent approvals for other stablecoins and digital asset platforms.