According to ME News, on May 26 (UTC+8), Abu Dhabi Investment Holding Company International Holding Company (IHC) completed a $30 million transaction using the AED-backed stablecoin DDSC, facilitated through the ADI Chain, a Layer 2 blockchain developed by the ADI Foundation. DDSC was co-created by IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. (Source: Foresight News)
IHC Completes $30M DDSC Stablecoin Transaction via ADI Chain
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Summary
On May 26 (UTC+8), IHC executed a $30 million transaction using DDSC, a UAE dirham-backed stablecoin. The transaction volume was processed on ADI Chain, a Layer 2 blockchain developed by the ADI Foundation. DDSC was developed by IHC, First Abu Dhabi Bank, and Sirius International Holding, with on-chain data demonstrating strong execution. Technical support was provided by the ADI Foundation. (Source: Foresight News)
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