UAE Settles Over AED 150M on Blockchain Under Central Bank Oversight
UAE Settles Over AED 150M on Blockchain Under Central Bank Oversight
馃彟 UAE's blockchain milestone
The UAE's ADIChain Digital Dirham Settlement Coin (DDSC) has processed over AED 150 million in settlements under Central Bank of UAE (CBUAE) supervision.
Key Points:
- Settlement infrastructure built on zkSync technology
- Demonstrates institutional adoption of regulated, non-USD stablecoins
- Operates under central bank oversight, ensuring compliance
The milestone highlights growing demand for blockchain-based settlement systems that meet regulatory requirements while serving institutional needs. The DDSC represents a regulated approach to digital currency infrastructure in the Middle East.
馃搶 MILESTONE: AED 150M+ settled on @ADIChain_ DDSC, under CBUAE oversight. Regulated non-USD stablecoins need infrastructure built for this kind of institutional demand. Powered by @zksync.
DDSC has processed AED 150M+ in institutional settlement since launch, processed under CBUAE licensing with fiat reserves held in custody at First Abu Dhabi Bank. DDSC operates exclusively on ADI Chain, and as dirham settlement grows, every dirham-based transaction will be
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