DDSC pre-launch stablecoin tracker
DDSC is a CBUAE-licensed dirham payment token developed by IHC, FAB and Sirius and issued on ADI Chain, an institutional Layer 2, since February 2026.
Phase
No phase published
Target launch
Not yet committed
Target drift
Nothing to drift from
Since announcement
Announced Apr 28, 2025
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSA Licensed Dirham Token on ADI Chain
DDSC is a dirham payment token licensed by the Central Bank of the UAE and issued on ADI Chain, a zk-rollup Layer 2 that settles to Ethereum. Its October 2025 white paper named the issuer AEDC Stable Coin L.L.C., owned 34% by Sirius Investment Holding and 33% each by IHC Capital Holding and 1968B SPV. The DDSC site now names AEDC Stable Coin Network and Distribution L.L.C. as the licensed issuer. Authorized Distribution Partners, not the issuer, onboard holders after KYC/KYB checks and process 1:1 issuance and to UAE bank accounts. By November 1 2026 the contract had minted 345.7 million DDSC and burned 297.5 million, leaving 48,280,499 across 87 addresses. The white paper commits 100% AED cash in segregated escrow at qualified banks it does not name. The issuer's feed reported reserves equal to supply on November 1 2026 and names Crowe as attestor, but posts no report. Under the white paper, transfers can be frozen or reversed where law, sanctions or fraud prevention require, and the implementation, whose source is unverified, carries freeze, pause and upgrade selectors. As long as DDSC lives on ADI Chain, which is outside Pharos's chain registry, its deployment and supply cannot enter Pharos runtime data.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-11-01
AI policy
DDSC Launch path
No published phase, no target date; 6 milestones logged since Apr 28, 2025.
Launch status narrative
DDSC is issued on ADI Chain mainnet, but ADI Chain is not in Pharos's chain registry, so Pharos records no launch phase and its deployment and supply cannot enter runtime data. IHC, ADQ and First Abu Dhabi Bank announced a CBUAE-regulated dirham stablecoin on the ADI blockchain on April 28 2025, then to be issued by FAB. The October 2025 white paper names the issuer AEDC Stable Coin L.L.C., owned by Sirius Investment Holding (34%), IHC Capital Holding (33%) and 1968B SPV (33%), and records CBUAE in-principle approval on September 1 2025. The DDSC site now names AEDC Stable Coin Network and Distribution L.L.C. as the licensed issuer, holding Stored Value Facilities licence 05.01.01.018.2026.01 and Payment Token Services licence 09.01.01.004.2026.01. The CBUAE approved DDSC to go live on February 11 2026, and the ADI Chain explorer shows the first mint on February 16 2026 at token contract 0x1211f0cfe66739433c1330e21f4951b80e813479 (6 decimals). Authorized Distribution Partners onboard holders after KYC/KYB checks. IHC reported an AED 110 million DDSC transaction on May 21 2026, and a CBUAE no-objection certificate of July 3 2026 allows DDSC on selected VARA-regulated exchanges once its requirements are met; no platform was named. On November 1 2026 on-chain supply was 48,280,499 DDSC across 87 addresses, matching the issuer's transparency feed, which shows 657 DDSC in the issuance vault; the contract had minted 345,731,009 DDSC and burned 297,450,510 since February 2026. DDSC has no CoinGecko or DefiLlama listing. Its white paper calls it the Digital Dirham StableCoin, a separate instrument from the CBUAE's Digital Dirham CBDC.
Launch status: quick answers
- When will DDSC launch?
- Pharos has not recorded a launch phase for DDSC. It was announced on Apr 28, 2025. No target date is set. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues DDSC?
- DDSC is a CBUAE-licensed dirham payment token developed by IHC.
- Is DDSC live yet?
- Pharos lists DDSC as pre-launch (no recorded phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
DDSC Activity
- Regulatory
CBUAE grants DDSC a no-objection certificate for VARA-regulated exchanges
The Central Bank of the UAE issues a no-objection certificate allowing DDSC to go live on selected VARA-regulated exchange platforms, subject to meeting its requirements, to extend DDSC beyond institutional settlement to retail, merchant and business payments. IHC reports more than AED 150 million transacted since launch; no platform is named.
Source - Milestone
IHC executes an AED 110 million DDSC transaction on ADI Chain
IHC reports executing an AED 110 million (about USD 30 million) transaction using DDSC on ADI Chain and says the initiative has moved from development into live deployment.
Source - Milestone
First DDSC minted on ADI Chain mainnet
The ADI Chain explorer records a first mint of 999 DDSC to the issuance vault on token contract 0x1211f0cfe66739433c1330e21f4951b80e813479. A 110,175,000 DDSC mint followed on April 14 2026.
Source - Regulatory
CBUAE approves DDSC to go live on ADI Chain
IHC, Sirius International Holding and First Abu Dhabi Bank announce that the Central Bank of the UAE has approved DDSC to go live on ADI Chain, an institutional Layer 2 developed by the ADI Foundation, for payments, settlement, treasury and trade flows, and say DDSC is expected to be made available to FAB customers through approved platforms.
Source - Regulatory
CBUAE grants the DDSC issuer in-principle payment token approval
The DDSC white paper (version 1.0, October 2025) states that AEDC Stable Coin L.L.C. secured in-principle approval as a payment token issuer under the Payment Token Services Regulation, approval number CB UAE/BIS-L/2025/4821, dated September 1 2025.
Source
Earlier activity (1)
- Announcement
IHC, ADQ and FAB announce a dirham-backed stablecoin on ADI blockchain
The joint release says the stablecoin will be fully regulated by the CBUAE, issued by First Abu Dhabi Bank subject to regulatory approval, and run on the ADI blockchain developed by the ADI Foundation, for consumers, businesses and institutions.
Source
Featured coverage
IHC, Sirius and FAB Receive Central Bank Approval to Launch UAE Dirham-Backed Stablecoin DDSC on ADI Chain
The February 11 2026 joint release announcing CBUAE approval for DDSC to go live on ADI Chain for institutional payment, settlement, treasury and trade use.
DDSC white paper, version 1.0 (October 2025)
Issuer identity and shareholders, reserve and escrow terms, distribution model, holder rights, and the blacklist and freeze controls.
DDSC Receives Central Bank Approval to Partner with Selected VARA-Regulated Exchange Platforms
The July 3 2026 release on the CBUAE no-objection certificate for selected VARA-regulated exchanges, reporting more than AED 150 million transacted.