UAE giant IHC completes its first institutional-grade AED stablecoin transaction, amounting to $30 million.

According to official sources, Abu Dhabi-based International Holding Company (IHC) announced that it has completed a $30 million (AED 110 million) transaction using the UAE Dirham-backed stablecoin DDSC. This marks the first large-scale institutional application of the stablecoin since its regulatory approval. The transaction used the DDSC stablecoin and was executed on the ADI Chain, an institutional-grade Layer-2 blockchain developed by the ADI Foundation. The official statement said that this million-dollar transaction demonstrates the operational readiness of the digital currency ecosystem and its ability to handle institutional-level transaction volumes. DDSC was created in partnership with IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. The UAE Central Bank's approval of DDSC earlier this year was part of a broader regulatory push, following the permissioning of several other Dirham-pegged tokens. The IHC CEO stated, "This transaction demonstrates that the UAE's digital infrastructure is active, resilient, and ready to support genuine institutional financial activity."