International Holding Company (IHC), based in Abu Dhabi, has successfully completed a $30 million transaction using a UAE dirham-backed stablecoin. This marks the first major institutional adoption of the stablecoin, executed on the ADI Chain, a Layer-2 blockchain developed by the ADI Foundation. The DDSC stablecoin, co-created by IHC, First Abu Dhabi Bank, and Sirius International Holding, has received approval from the Central Bank of the UAE. IHC's CEO highlighted this transaction as a testament to the strength of the UAE's digital infrastructure.
IHC Executes Landmark $30M Dirham Stablecoin Transaction
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