Abu Dhabi, UAE – Global Holding Company, Sirius International Holding, and First Abu Dhabi Bank announced that the UAE dirham-backed stablecoin DDSC has received approval from the UAE Central Bank.
This allows it to be officially launched, in a step that constitutes a pivotal milestone in the process of organized digital finance in the Emirates.
The new currency is based on ADI’s blockchain network.
It is an advanced Layer 2 technology developed by the Abu Dhabi-based organization.
DDSC is based on the stablecoin initiative first announced in April 2025 by Global Holding Company and First Abu Dhabi Bank.
Today, it enters its operational phase, with Sirius International Holding, the technology arm of the global holding company, joining the project to support deployment and integration operations, and enhance the adoption of the currency at the institutional level.
This currency is designed to be a digital financial instrument compatible with regulatory frameworks, and intended for institutional and governmental uses.
This enables support for high-value applications within a reliable regulatory framework, including payments, collections, and high-value settlements.
In addition to treasury management processes, trade flows and supply chains.
In addition to programmable financial services for regulated entities.
commitment to transparency
This currency is expected to be made available to First Abu Dhabi Bank customers through a number of approved platforms.
To support corporate and institutional uses, while adhering to the highest standards of compliance, transparency, and operational integrity.
The currency will run on ADI’s blockchain network.
Which have been developed specifically to meet the requirements of governance, scalability, and institutional performance.
The network aims to connect traditional financial systems with digital asset systems based on blockchain technology.
This allows regulated entities to participate in the digital economy without compromising oversight, security, or compliance.
The launch of DDSC strengthens the UAE’s position at the forefront of the regulated digital finance landscape.
It reflects the increasing maturity of stablecoins as an essential component of modern financial infrastructure.
With official approval for the launch of the new currency, it is entering its operational phase, marking a fundamental step toward aligning institutional finance with the evolving digital economy based on digital assets.
