Key Takeaways:
- PUSD is a Shariah-compliant stablecoin that is tied to the US dollar and backed 1:1 by Gulf currencies, guaranteeing price stability and confidence. Access to a $3 trillion Islamic financial industry is increased with its introduction on the ADI Chain.
- The token’s cross-chain applicability is enhanced by its current operation on major networks such as Ethereum and Solana.
- Institutions can use both dirham-backed and dollar-linked assets thanks to ADI Chain’s support for dual stablecoin settlement.
- Adoption is encouraged by the UAE’s robust regulatory framework, supported by the Central Bank of the UAE and Abu Dhabi Global Market.
From Gulf to Chain, PUSD leads the Gain. What makes PUSD different from other stablecoins in the market? PUSD is now available on ADI Chain, a Layer-2 blockchain designed for speedy and secure payments.
This action enables an enormous Islamic financial market valued at more than $3 trillion.
One unique kind of digital currency is PUSD. It adheres to Islamic financial regulations. Many users in the Middle East and other regions can utilise it because it does not support interest-based systems. Real money kept in reserves backs the stablecoin 1:1.
Ethereum, BNB Chain, Solana, and Tron are just a few of the blockchains where it is currently accessible; its most recent integration is ADI Chain.
According to the ADI Foundation’s release, the stablecoin is positioned to give access to Islamic financial markets, which account for over $3 trillion in assets worldwide.
From Gulf To Africa, ADI Chain Builds A New Payment Highway
According to the release, ADI Chain is the settlement layer for a dirham-backed stablecoin that was started by International Holding Company and First Abu Dhabi Bank and granted a licence by the UAE Central Bank.
By introducing a second stablecoin to the network, PUSD enables institutions to settle transactions on the same infrastructure using either a dirham-denominated token or an asset linked to dollars.
The network is anticipated to facilitate settlement across routes connecting the Gulf, the Middle East, and portions of Africa. Transactions on the network require its native token for fees.
UAE Stablecoin Rules Strengthen Trust For Institutional Adoption
PUSD is intended for institutional use, such as corporate treasuries, exchanges, and payment processors, and is issued by Palm Azgar Finance. The country’s multi-layered regulatory framework for digital assets includes rules for stablecoins and virtual asset providers set by the Central Bank of the United Arab Emirates and the Abu Dhabi Global Market (ADGM).
Dirham-pegged payment tokens are being investigated inside that framework as a means of improving cross-border settlement and modernising domestic payments.
A deal to test a dirham-pegged stablecoin licensed by the UAE central bank for consumer payments across its digital platforms was signed in December by UAE telecom giant e& and Al Maryah Community Bank.
Conclusion
Clear Rules, Smart Tools, UAE Leads the Crypto Schools. RAKBank is developing a dirham-backed stablecoin, and Universal Digital has already launched USDU in line with the country’s payment regulations.
Circle, Ripple, and Tether are among the global companies granted authorisation to operate in the Abu Dhabi Global Market.
When considered collectively, these activities show a clear trend: regulated stablecoins are moving from theory to real-world implementation. The UAE is building a dependable, global hub for the future of digital payments rather than waiting.
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