May 22, 2026
IHC has successfully completed an AED 110 million transaction using DDSC on ADI Chain, marking a major step forward for the UAE’s growing digital asset ecosystem and reinforcing the country’s position as a global hub for financial innovation.
The transaction, valued at approximately USD 30 million, was executed on ADI Chain, an institutional Layer-2 blockchain developed by ADI Foundation. The milestone follows the recent approval granted by the Central Bank of the UAE for the launch of DDSC, a UAE dirham-backed stablecoin created to support secure and compliant digital transactions.
DDSC was launched through a strategic collaboration between First Abu Dhabi Bank (FAB), IHC, and Sirius International Holding, with blockchain infrastructure powered by ADI Foundation. The stablecoin ecosystem is designed to enable efficient payment settlement, seamless value transfer, and institutional-grade digital transactions across local and international markets.
The successful completion of a transaction at this scale demonstrates the operational readiness, resilience, and scalability of the DDSC ecosystem and ADI Chain infrastructure. It also signals that the platform is capable of supporting high-volume financial activities, including cross-border payments, treasury management, and trade settlement operations.
The development comes amid rising global demand for faster, more transparent, and cost-efficient alternatives to traditional payment systems, especially in emerging markets where delays, operational complexity, and high transaction costs continue to challenge businesses and financial institutions.
Syed Basar Shueb, CEO of IHC, stated that the transaction proves the UAE’s digital financial infrastructure is now capable of supporting real institutional-scale financial activity. He added that the successful execution of 110 million DDSC on ADI Chain marks the beginning of a new phase where institutional-grade digital assets are becoming fully operational and scalable.
With DDSC now actively functioning on ADI Chain, the next phase of the initiative will focus on expanding institutional participation, developing new use cases, and strengthening cross-border payment and trade corridors linking the Middle East with major global markets.
The milestone further highlights the UAE’s growing leadership in regulated digital assets and blockchain-driven financial infrastructure, supporting the country’s broader vision of becoming a global center for next-generation finance and digital innovation.
