UAE dirham-backed stablecoin DDSC now more accessible for retail transactions - thenationalnews.com — 2026-07-05

## Short Segments Today, the UAE's dirham-backed stablecoin DDSC becomes more accessible for retail transactions, marking a significant step in the region's digital currency landscape. We'll explore how this development impacts consumers and the broader financial ecosystem. Coming up, we'll dive into the details of DDSC's approval to operate on regulated exchange platforms and what it means for the future of digital payments in the UAE. ## Feature Story The UAE's dirham-backed stablecoin, DDSC, is now more accessible for retail transactions, following a key regulatory approval. This development is a result of DDSC receiving a No Objection Certificate from the Central Bank of the UAE, allowing it to operate on exchange platforms regulated by the Virtual Assets Regulatory Authority, or VARA. Developed through a collaboration between Abu Dhabi’s International Holding Company, First Abu Dhabi Bank, and Sirius International Holding, DDSC has already demonstrated its institutional-scale capabilities with over 150 million dirhams transacted to date. The approval marks a major milestone in the rollout of DDSC, paving the way for broader adoption of a regulated UAE dirham-backed digital currency. For consumers in the UAE, this means easier access to use DDSC for everyday transactions, potentially transforming how digital payments are conducted in the region. The stablecoin's integration into VARA-regulated platforms ensures compliance with local regulations, providing a secure and reliable option for digital transactions. This move is expected to boost confidence among users and encourage more widespread use of digital currencies in the UAE. By aligning with regulatory standards, DDSC sets a precedent for other digital currencies looking to gain traction in the region. The collaboration between major financial institutions and regulatory bodies highlights the importance of a coordinated approach to digital currency adoption. As the digital currency landscape continues to evolve, the successful integration of DDSC into the UAE's financial ecosystem could serve as a model for other countries exploring similar initiatives. Looking ahead, the focus will be on monitoring the adoption rate of DDSC and its impact on the broader financial market. Stakeholders will be keen to see how this development influences consumer behavior and the overall acceptance of digital currencies in everyday transactions. For now, the approval of DDSC represents a significant step forward in the UAE's journey towards a more digital and interconnected financial future. As we continue to track this story, we'll keep an eye on how DDSC's increased accessibility shapes the digital payment landscape in the UAE and beyond.