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…
