stablecoin

CBUAE approves dirham-backed stablecoin developed by IHC, FAB

The stablecoin, known as DDSC, has received approval to go live and will operate on ADI Chain, an institutional layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation

12 February, 2026

RAKBANK gets CBUAE in-principle approval for dirham-backed Stablecoin

RAKBANK, one of the UAE’s oldest lenders with assets exceeding Dhs88bn ($24bn), has been building its digital asset capabilities

08 January, 2026

Trump’s stablecoin chosen for $2bn Abu Dhabi investment in Binance

The investment deal between MGX and Binance utilised USD1, a World Liberty-issued stablecoin on the Binance blockchain

02 May, 2025

Abu Dhabi: IHC, ADQ, FAB launch dirham-backed stablecoin

The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions

30 April, 2025