IHC, a global investment company focused on building dynamic value networks, on Thursday announced the execution of an AED110 million (approximately $30 million) transaction using DDSC on ADI Chain, the institutional Layer-2 blockchain developed by ADI Foundation.
The UAE has taken a decisive step into regulated digital currency infrastructure after the Central Bank of the UAE (CBUAE) approved the launch of the dirham-backed stablecoin, DDSC, paving the way for institutional-grade blockchain-based payments in the country.
