The UAE just launched its first regulated stablecoin.DDSC --> backed 1:1 by UAE Dirham, initiated by IHC ($240B cap) and First Abu Dhabi Bank ($330B assets).That's a great step forward and that's why this chart has continuously been doing well. I've posted about this earlier, however, it's clear that there's widespread adoption taking place on the markets for stablecoins and #Crypto.Why this matters:→ Settled on $ADI Chain → FAB has 33% of UAE banking market share → IHC runs 1,300+ subsidiaries → Mastercard ...

DDSC is now live on ADI Chain.It's a dirham-backed stablecoin initiated by IHC and First Abu Dhabi Bank and licensed by the Central Bank of the UAE.IHC is one of the largest investment groups in the world, First Abu Dhabi Bank has more than $330B USD in total assets.ADI Chain is the blockchain infrastructure that will host the new stablecoin that could be used for a part of the $18B USD of UAE domestic digital payments per year.Especially with IHC's 1,300+ subsidiaries, DDSC could see a lot of adoption (sal ...