IHC Executes 110M AED DDSC Transfer on ADI Chain

International Holding Company carried out a 110 million dirham transfer using the DDSC stablecoin on ADI Chain in 2026. The company described the transaction as a live institutional settlement rather than a pilot and said it is one of the largest disclosed stablecoin transfers in the United Arab Emirates.

DDSC is a dirham-backed stablecoin issued by a consortium of International Holding Company, First Abu Dhabi Bank and Sirius International Holding. The UAE Central Bank approved the token under the country’s Payment Token Services Regulation, allowing regulated institutions to use the stablecoin for payments and settlement.

The transfer settled on ADI Chain, a layer-2 blockchain developed by the ADI Foundation. ADI Chain is designed for institutional payments and trade settlement and the foundation says the network has government partnerships in more than 20 countries.

First Abu Dhabi Bank, a founding member of the DDSC consortium, plans to offer the stablecoin to its corporate clients for cross-border payments, treasury operations and trade settlement following the live deployment. The parties characterized the transaction as a demonstration of operational readiness for the DDSC and ADI Chain settlement infrastructure.

Syed Basar Shueb, IHC chief executive, commented: “This transaction demonstrates that the UAE’s digital infrastructure is live, resilient, and ready to support real institutional financial activity. Executing 110 million DDSC on ADI Chain is a clear signal that we are entering the next phase, where institutional-grade digital assets are not only viable, but operational at scale.”

The UAE has approved a parallel US dollar‑backed stablecoin, USDU, which launched in January 2026 and is registered under the same regulatory framework. Regulators and the consortium have said DDSC is intended for corporate and financial institution use cases rather than consumer wallets.

The consortium and ADI Foundation say future deployments will extend DDSC use across bank clients and integrate the stablecoin into payment corridors linking the Middle East with Asia, Africa and global trade finance markets.