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Abu Dhabi Investment Holding Company IHC completes $30 million DDSC stablecoin transaction
Deep Tide TechFlow Message — On May 26, Abu Dhabi Investment Company International Holding Company (IHC) completed a $30 million (approximately 110 million UAE dirhams) transaction on ADI Chain using the UAE dirham–supported stablecoin DDSC. This is DDSC’s first major institutional-grade application after receiving regulatory approval.
DDSC was co-launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and was approved by the Central Bank of the United Arab Emirates. The project team said the move shows that the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and will further promote the development of digital trade and payment channels connecting the Middle East with global markets.