PUSD stablecoin integrates with Middle Eastern L2 ADI Chain

The Sharia-compliant stablecoin PUSD has integrated with ADI Chain, a Layer 2 network for institutional payments in the Middle East, Cointelegraph reported. PUSD is backed 1:1 by reserves of the Saudi Riyal (SAR) and the UAE Dirham (AED), with approximately $2.3 billion currently in circulation. ADI Chain is an infrastructure platform licensed by the Central Bank of the UAE. It serves as a Dirham-based stablecoin payment layer developed by International Holding Company and First Abu Dhabi Bank.