DDSC

UAE
2026-09-09 07:47:40

UAE launches first central bank-licensed dirham stablecoin in-store payment pilot

DDSC and Network International have launched an in-store payment pilot in the United Arab Emirates, marking the first trial of its kind for a central bank-licensed dirham stablecoin in the country. The program allows customers to pay with the DDSC stablecoin at selected retail stores using existing point-of-sale terminals. According to the source, DDSC is licensed by the Central Bank of the UAE and is pegged to the UAE dirham. The pilot is designed to test how stablecoins can be used in everyday retail payments rather than in purely on-chain or trading scenarios. The rollout focuses on physical merchant locations and existing payment hardware, putting the stablecoin into a conventional checkout environment.

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UAE launches first central bank-licensed dirham stablecoin in-store payment pilot
ADI Chain
2026-07-07 11:02:17

ADI Chain Bets on Institutional Settlement and RWA On-Chain Flows to Support ADI

ADI Chain is positioning itself differently from the typical public chain or Layer 2 playbook. Instead of starting with crypto-native activity such as DeFi, NFT trading, memecoins, or airdrop-driven user growth, the project is targeting governments, banks, financial institutions, and enterprise use cases from the outset. Its strategy is to bring existing real-world financial flows on-chain first, then let those flows create recurring utility for $ADI. The model is most visible in stablecoins. The article highlights $DDSC, a dirham-pegged stablecoin tied to FAB, IHC, ADQ, and a UAE central bank authorization framework, as well as $PUSD, a Shariah-compliant stablecoin aimed at treasury departments, exchanges, and payment processors. IHC previously disclosed a 110 million dirham transaction on ADI Chain via $DDSC, described as one of the region’s largest single stablecoin transactions. Beyond payments and settlement, ADI Chain is also mapping out institutional asset infrastructure through custody, issuance, and tokenization partnerships. BNY, Finstreet, and the ADI Foundation plan to offer institutional-grade digital asset custody within ADGM and extend it to ADI Chain, while SettleMint is involved in digital securities infrastructure under the same regulatory framework. The broader thesis is that $ADI’s value depends less on narrative alone and more on whether these financial entry points can evolve into sustained on-chain settlement, asset issuance, and capital movement on the network.

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ADI Chain Bets on Institutional Settlement and RWA On-Chain Flows to Support ADI
2026-07-05 14:57:11

BNY Mellon Prepares Digital Asset Custody Launch in Abu Dhabi

BNY Mellon is preparing to launch digital asset custody in Abu Dhabi with Finstreet and ADI Foundation. The initial offering will cover Bitcoin and Ether, underscoring Abu Dhabi’s growing role as a hub for institutional crypto infrastructure.

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BNY Mellon Prepares Digital Asset Custody Launch in Abu Dhabi