" International Holding" A transaction worth 110 million dirhams is carried out using the digital stable currency "DDSC" via network "ADI"
ABU DHABI, 21st May / WAM / International Holding Company, the leading global investment company specialized in building dynamic value networks and promoting sustainable growth, today announced the completion of a landmark transaction worth 110 million dirhams (equivalent to 30 million US dollars) using the digital dirham-backed stable currency “DDSC” via the ADI blockchain network, an advanced layer 2 technology developed by the organization for institutional use.
After recently obtaining approval from the Central Bank of the United Arab Emirates to launch the DDSC currency, this deal constitutes an important milestone for the DDSC system, as it confirms its operational readiness, scalability, and practical feasibility for using it in implementing large transactions on an institutional scale.
The digital stable currency backed by the Emirati Dirham (DDSC) was launched after strategic cooperation between the International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, and based on the infrastructure based on blockchain technology of the ADI Foundation. This initiative aims to support and facilitate secure, highly efficient digital transactions that are compatible with the regulatory frameworks of institutions, companies and individuals, allowing for efficient and smooth transfer and settlement operations across global markets.
The implementation of a deal of this size constitutes tangible evidence of the strength and efficiency of the infrastructure on which DDSC and the ADI network are based, as the initiative moved from the development stage to the implementation and actual operation stage. It also confirms the system’s ability to support frequent and large-scale financial flows, including cross-border payments, treasury operations, and trade settlements.
This achievement coincides with the growth in demand for more efficient, transparent and compliant alternatives compared to traditional payment channels, especially in emerging markets that still face tangible challenges related to processing time, cost, and operational complexities.
Sayed Basr Shuaib, CEO of the International Holding Company, said: This deal confirms that the UAE’s digital infrastructure is today ready, flexible, and capable of supporting actual financial activities at the institutional level. As one of the founding parties of the DDSC system, the International Holding Company is committed to enhancing solutions that contribute to developing mechanisms for transferring capital across markets. The implementation of a deal worth 110 million dirhams using the digital currency DDSC via the ADI network constitutes a clear indication that we have entered a new phase, in which digital assets designed according to standards become Enterprises are not just viable solutions, but operational systems capable of operating at scale.
As DDSC becomes operational on the ADI network, the focus will shift towards expanding institutional engagement, developing additional use cases, and enhancing cross-border payment and trade corridors to connect the Middle East to key global markets.
This achievement strengthens the UAE’s position at the forefront of innovation in the field of digital assets, and reflects the growing role of infrastructure aligned with sovereign directions in shaping the future of the global financial system.
-father-in-law-.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
