Abu Dhabi Investment Holding Company (IHC) completes $30 million DDSC stablecoin transaction.

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According to TechFlow TechFlow, on May 26, Abu Dhabi-based investment company International Holding Company (IHC) completed a $30 million (approximately 110 million UAE dirhams) transaction on the ADI Chain using the UAE dirham-backed stablecoin DDSC. This marks the first major institutional application of DDSC since it received regulatory approval.

The DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and approved by the Central Bank of the UAE. The project team stated that this demonstrates the UAE's digital payment infrastructure is capable of handling institutional-grade transactions and will subsequently facilitate the establishment of digital trade and payment channels connecting the Middle East with global markets.

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