- CBUAE has approved the dirham-backed DDSC stablecoin to operate in the UAE.
- DDSC is a stablecoin product by IHC, FAB, and Sirius International Holding.
- The latest approval allows the group to introduce DDSC into the UAE’s mainstream sector.
According to reports, the Central Bank of the UAE (CBUAE) has approved the launch of the dirham-backed stablecoin, DDSC, for IHC, Sirius International Holding, and First Abu Dhabi Bank (FAB).
A Step Forward in the Middle East’s Digital Economy
The latest approval represents a substantive step forward toward aligning institutional finance with the evolving digital asset economy, particularly in the Middle East region. It moves DDSC into an operational phase, opening the instrument for mainstream adoption.
As indicated in the report, DDSC will operate on the ADI Chain, which is an institutional layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation. In the meantime, the approval marks a significant milestone for an initiative that started in April 2025, led by IHC and FAB. Sirius International Holding recently joined the group to support the product’s deployment, integration, and institutional adoption.
What DDSC Creators Think
IHC’s CEO, Syed Basar Shueb, stated that the approval by CBUAE, which allows the DDSC transition into live operation, enables the group to deliver trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments.
According to Shueb, the DDSC is designed to modernise payments, settlement, and treasury workflows. He further noted that the stablecoin will enable secure, automated value transfer, including future machine-to-machine transactions and trade between AI agents.
Meanwhile, Futoon Hamdan AlMazrouei, group head of personal, business, wealth, and privileged client banking group at FAB, considers stablecoins like DDSC as crucial tools that can be integrated responsibly into the financial system, particularly when built to meet rigorous regulatory and risk requirements.
The Role of FAB and What the DDSC Stablecoin Represents
AlMazrouei noted that FAB is enabling DDSC to seamlessly combine regulatory oversight with blockchain infrastructure while providing secure and scalable solutions that support institutional and government clients across the UAE.
The DDSC stablecoin is designed to support high-value applications with a regulatory framework, including payments and collections. It will also enhance high-value settlement and treasury operations, trade and supply-chain flows, and programmable financial services for regulated entities.
Related: UAE Gets First Central Bank-Registered Stablecoin Courtesy of Universal
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Source: https://coinedition.com/uaes-central-bank-approves-the-dssc-stablecoin-launch-by-ihc-fab-and-sirius/
