DDSC, the UAE dirham-backed stablecoin developed by International Holding Company (IHC), First Abu Dhabi Bank (FAB), and Sirius International Holding, has received a No Objection Certificate (NOC) from the Central Bank of the UAE to launch on selected VARA-regulated exchange platforms. Pegged 1:1 to the UAE dirham and operating on the ADI Chain, DDSC has already processed more than AED 150 million ($40.8 million) in transactions and is expected to support retail payments, merchant transactions, business settlements, and peer-to-peer transfers through regulated channels.
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