Global Holding, «Sirius International Holding», and First Abu Dhabi Bank have announced that the digital currency «DDSC», backed by the UAE Dirham, has received approval from the Central Bank of the United Arab Emirates. This allows for its official launch, marking a significant milestone in the journey of regulated digital finance in the country. The network aims to link traditional financial systems with existing digital asset systems based on blockchain technology, enabling regulated entities to participate in the digital economy without compromising oversight, security, or compliance. The launch of «DDSC» enhances the UAE's position at the forefront of regulated digital finance and reflects the growing maturity of stablecoins as a fundamental component of modern financial infrastructure. Commenting on this step, the CEO of Global Holding, Basr Shaib, said: «The stablecoin «DDSC» represents a pivotal moment in the digital transformation of the financial sector in the UAE. With the approval of the Central Bank of the UAE and our transition to the operational phase, we are working to provide a reliable infrastructure with institutional standards that enhances flexibility, accelerates innovation, and expands the horizons of regulated digital payments». In turn, Fatima Hamdan Al Mazroui, Head of Personal and Corporate Banking, Wealth Management, and Premium Clients at First Abu Dhabi Bank, stated: «This achievement confirms that stablecoins can be responsibly integrated into the financial system when designed in accordance with strict regulatory frameworks and advanced risk management standards. As the UAE's global bank, First Abu Dhabi Bank enables DDSC to seamlessly integrate regulatory oversight with blockchain infrastructure, providing secure and scalable solutions that support corporate and government clients amidst the nation's digital economy evolution». The CEO of «Sirius International Holding», Ajay Hans Raj Batia, said: «With DDSC becoming operational, we are entering a new era of regulated digital finance. Sirius is proud to support this national initiative by accelerating adoption and making practical, on-the-ground enterprise applications available, built on the sovereign blockchain infrastructure developed by ADI and backed by the UAE's clear regulatory leadership». With official approval to launch the new currency, it enters its operational phase, embodying a crucial step towards aligning corporate finance with the evolving, asset-based digital economy. The new currency is based on ADI's private blockchain network, a sophisticated Layer-2 technology developed by the Abu Dhabi-based entity. «DDSC» is built upon the stablecoin initiative first announced in April 2025 by Global Holding and First Abu Dhabi Bank, and today enters its operational phase, with «Sirius International Holding», the technology arm of Global Holding, joining the project to support deployment and integration processes, and to drive adoption at the institutional level. This currency has been designed as a regulatory-compliant digital financial instrument, tailored for corporate and government use, enabling support for high-value applications within a trusted regulatory framework. These include payments and collections, high-value settlements, treasury operations, trade flows and supply chains, as well as programmable financial services for regulated entities. This currency is expected to be made available to First Abu Dhabi Bank's clients through a number of approved platforms, supporting both corporate and enterprise use while adhering to the highest standards of compliance, transparency, and operational integrity. The currency will operate on ADI's private blockchain network, which was specifically developed to meet the requirements of governance, scalability, and institutional performance.
