ABU DHABI (ALETIHAD)
International Holding Company (IHC) announced the execution of a Dh110 million transaction using DDSC on ADI Chain, describing it as one of the largest single stablecoin transactions carried out in the region.
An IHC statement said the transaction involved the transfer of approximately $30 million using DDSC on ADI Chain, an institutional Layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation.
According to the company, the transaction followed the recent approval received from the Central Bank of the UAE for the launch of DDSC.
IHC said the transaction demonstrated the operational readiness, scalability and real-world applicability of the DDSC stablecoin ecosystem at institutional scale.
DDSC is a UAE dirham-backed stablecoin launched through a strategic collaboration between IHC, First Abu Dhabi Bank and Sirius International Holding, supported by the blockchain infrastructure of the ADI Foundation.
The initiative is aimed at supporting secure and compliant digital transactions for institutions, businesses and individuals, while enabling value transfer and settlement across global markets.
The company said the transaction provided “tangible validation” of the infrastructure underpinning DDSC and ADI Chain and signalled the system’s capability to support high-value and high-frequency financial flows, including cross-border payments, treasury operations and trade settlement.
According to the statement, demand is growing for efficient and transparent alternatives to traditional payment systems, particularly across emerging markets where latency, cost and operational complexity remain major challenges.
Syed Basar Shueb said: “This transaction demonstrates that the UAE’s digital infrastructure is live, resilient, and ready to support real institutional financial activity.
“As one of the founding participants in the DDSC ecosystem, IHC is committed to advancing solutions that improve how capital moves across markets. Executing a Dh110 million transaction using DDSC on ADI Chain is a clear signal that we are entering the next phase, where institutional-grade digital assets are not only viable, but operational at scale,” he added.
The statement said the focus would now shift toward broader institutional participation, expanded use cases and the development of cross-border payment and trade corridors linking the Middle East with global markets.
According to IHC, the milestone reinforces the UAE’s position in digital asset innovation and reflects the growing role of sovereign-aligned infrastructure in the development of future financial systems.