International Holding Company (IHC) has completed a $30 million transaction using the DDSC stablecoin, marking a significant milestone in the UAE's digital currency landscape. The transaction, conducted on the ADI Chain, represents the first major institutional use of the dirham-backed stablecoin since its regulatory approval. This development underscores the operational readiness of the UAE's digital currency ecosystem to handle large-scale institutional transactions. The DDSC stablecoin, developed in partnership with First Abu Dhabi Bank and Sirius International Holding, received approval from the Central Bank of the UAE earlier this year. This approval is part of a broader regulatory initiative that has seen multiple dirham-backed tokens, including Mbank's AE Coin and Zand's AEDZ, clear licensing hurdles. The successful transaction aims to enhance secure and regulated digital transactions, facilitating faster cross-border payments and trade settlements. IHC's CEO, Syed Basar Shueb, highlighted the transaction as a signal of the UAE's readiness to support institutional-grade digital assets at scale.