DDSC currency gains Central Bank approval for platform partnership
The stable digital currency "DDSC," linked to the UAE Dirham on a 1:1 basis, has obtained a No Objection Certificate (NOC) from the Central Bank of the United Arab Emirates. This approval allows it to be issued through licensed trading platforms and to expand its use in digital payment and settlement operations. The currency is settled via the blockchain network of the "ADI" organization and has demonstrated its capabilities through processing transactions exceeding 150 million dirhams, providing a more efficient and faster alternative to traditional systems for local payments. This initiative contributes to strengthening the UAE's digital financial infrastructure and broadening the scope of both institutional and personal use of the currency.
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