Abu dhabi: IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB) today announced that the Central Bank of the UAE (CBUAE) has approved the UAE dirham-backed stablecoin DDSC to go live, marking a significant milestone in the UAE’s regulated digital finance landscape. DDSC will operate on ADI Chain, an institutional Layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation.
According to Emirates News Agency, DDSC builds on the stablecoin initiative first announced in April 2025 by IHC and FAB, and now enters its operational phase with Sirius International Holding, IHC’s technology-focused subsidiary, joining the project to support deployment, integration, and institutional adoption. Designed as a compliant digital financial instrument for institutional and government-led use cases, DDSC is positioned to support high-value applications with a trusted regulatory framework.
DDSC is expected to be made available to FAB customers through multiple approved platforms, supporting institutional an
d enterprise use cases while maintaining the highest standards of compliance, transparency, and operational integrity. DDSC will operate on the ADI Chain, purpose-built for governance, scalability, and institutional performance. ADI Chain is designed to bridge traditional financial systems with blockchain-enabled digital asset ecosystems, enabling regulated entities to participate without compromising on oversight, security, or compliance.
The launch of DDSC reinforces the UAE’s position at the forefront of regulated digital finance and reflects the growing maturity of stablecoins as a core component of modern financial infrastructure. Syed Basar Shueb, CEO of IHC, stated that DDSC marks a defining milestone in the UAE’s digital finance journey, emphasizing the delivery of trusted, institutional-grade infrastructure that strengthens resilience and accelerates innovation.
Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth, and Privileged Client Banking Group at FAB, highlighted that this mile
stone underscores the responsible integration of stablecoins into the financial system, meeting rigorous regulatory and risk requirements. Ajay Hans Raj Bhatia, Group CEO of Sirius International Holding, expressed pride in supporting this national initiative, emphasizing the acceleration of adoption and unlocking real-world institutional applications enabled by ADI’s sovereign blockchain infrastructure.
With approval to go live, DDSC now enters its operational phase, representing a substantive step forward in aligning institutional finance with the evolving digital-asset economy.
