The UAE has also issued a stablecoin called DDSC, which is pegged to the UAE dirham and has been authorized by the Central Bank of the UAE.
It will be exclusively available on ADI Chain. @ADIChain_ @ADIChain_China
Why ADI Chain? Because ADI Chain is backed by IHC Investment Fund.
This Abu Dhabi-based company has a market capitalization of US$240 billion and more than 1,400 subsidiaries and joint ventures, with a portfolio covering real estate, healthcare, financial services, technology, energy, mining, utilities, food, asset management and other sectors.
Therefore, it is clear that ADI Chain has an extremely impressive background.
As a Layer 2 platform powered by Ethereum's ZKsync, it easily secured strategic alliances with institutions such as BlackRock, Mastercard, Franklin Templeton, and M-Pesa.
Its token, $ADI, is currently listed on exchanges such as KuCoin and Kraken.
Currently serving as gas for the ADI Chain, staking rewards will be introduced later.
Returning to DDSC, each DDSC token is backed by dirham reserves held at First Abu Dhabi Bank, which has assets exceeding US$330 billion, making it the largest bank in the UAE with operations covering more than 20 international markets.
Imagine if DDSC were adopted by IHC's 1,400 subsidiaries: it could generate over 100,000 B2B instant settlements per month, each requiring $ADI as gas, driving ecosystem growth.
Similar to FAB retail integration or cross-border remittances (the UAE's $45 billion market), the potential annual transaction volume reaches tens of millions of transactions, driving practical demand for ADI. x.com/ADIChain_/stat/ADIChain_...…
