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Middle Eastern institutions are starting to use local stablecoins for large-scale settlements, and this compliance narrative is even more stable than DeFi Summer.
The transaction is one of the larger single stablecoin deals in the region, with DDSC launched collaboratively by IHC, First Abu Dhabi Bank, and Sirius International Holding, supported by blockchain infrastructure provided by ADI Foundation;
the project aims to support compliant digital transactions, cross-border payments, and trade settlement.
(Bitcoin com News)