IHC Executes $30M DDSC Stablecoin Transfer on ADI Chain
International Holding Company completed a $30 million transaction using the DDSC stablecoin on the institutional-grade ADI Chain in the UAE.Summary
The International Holding Company (IHC) has successfully executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on the ADI Chain. This move marks one of the largest disclosed stablecoin transfers in the United Arab Emirates, showcasing the network's capacity for institutional-scale financial activity. Developed by the ADI Foundation, the ADI Chain is designed to facilitate cross-border payments, treasury operations, and trade settlements, supported by a partnership between IHC, First Abu Dhabi Bank, and Sirius International Holding.
This transaction follows recent regulatory approvals from the UAE Central Bank for the dirham-backed stablecoin ecosystem. As the UAE continues to expand its regulated digital asset infrastructure, major financial institutions and global crypto exchanges are increasingly adopting local frameworks to support institutional trading, payments, and custody services within the region.
(Source：Cointelegraph)