IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB) have announced that the Central Bank of the UAE (CBUAE) has approved the UAE dirham-backed stablecoin DDSC for launch.

The stablecoin will operate on ADI Chain, an institutional Layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation.

DDSC builds on a stablecoin initiative first announced in April 2025 by IHC and FAB.

Sirius International Holding, IHC’s technology-focused subsidiary, will support deployment, integration, and adoption.

Designed for institutional and government-led use cases, DDSC is intended for payments and collections, high-value settlement and treasury operations, trade and supply-chain flows, and programmable financial services for regulated entities.

It will be available to FAB customers through multiple approved platforms while maintaining compliance, transparency, and operational integrity.

ADI Chain is purpose-built for governance, scalability, and institutional performance.

It aims to bridge traditional financial systems with blockchain-based digital asset ecosystems, allowing regulated entities to participate without compromising oversight or security.

Syed Basar Shueb, CEO of IHC, said:

“As a UAE dirham-backed, programmable stablecoin, DDSC is designed to modernise payments, settlement, and treasury workflows, while enabling secure, automated value transfer, including future machine-to-machine transactions and trade between AI agents as the autonomous economy evolves.”

Futoon Hamdan AlMazrouei, Group Head at FAB, said:

“This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements.”

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