First Abu Dhabi Bank

DDSC dirham stablecoin receives CBUAE approval for selected VARA-regulated exchanges

DDSC, the UAE dirham-backed stablecoin developed by IHC, First Abu Dhabi Bank and Sirius International Holding, received a No Objection Certificate from the Central Bank of the UAE to go live on selected VARA-regulated exchange platforms. DDSC is pegged 1:1 to the dirham and settles on ADI Chain.

DDSC (press release via Zawya)