The UAE-based stablecoin, DDSC, has reached a significant milestone after receiving a No Objection Certificate (NOC) from the Central Bank of the UAE. Developed through a strategic partnership between IHC, First Abu Dhabi Bank (FAB), and Sirius International Holding, the stablecoin is pegged 1:1 to the dirham and functions on the ADI Chain. Having already processed over Dh150 million in institutional transactions, this regulatory approval clears the path for DDSC to be listed on select Virtual Assets Regulatory Authority (VARA)-regulated exchanges, marking its transition from an institutional tool to a broader financial instrument.

This expansion means that everyday users and businesses will soon be able to utilize the stablecoin for faster, low-cost digital payments, moving away from the sluggish speeds of traditional banking. By providing a local, regulated alternative to U.S. dollar-pegged assets, DDSC is set to bolster the UAE’s digital financial infrastructure. Executives from the founding firms highlighted that this development is a critical step in making secure, efficient, and compliant dirham-denominated transactions accessible to a wider audience, ultimately fostering a more modern and integrated domestic payment ecosystem.