The UAE just launched its first regulated stablecoin.
DDSC --> backed 1:1 by UAE Dirham, initiated by IHC ($240B cap) and First Abu Dhabi Bank ($330B assets).
That's a great step forward and that's why this chart has continuously been doing well. I've posted about this earlier,

The UAE Dirham is now live on ADI Chain.
Initiated by @ihc__official and First Abu Dhabi Bank (@FABConnects), approved and licensed by @centralbankuae, the DDSC stablecoin is backed 1:1 by UAE Dirham reserves.
DDSC is hosted exclusively on ADI Chain’s compliance-ready

ADI Chain

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Written by: Mahe, Foresight News
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