UAE's IHC executes $30M transaction with Dirham stablecoin

Abu Dhabi-based global investment firm International Holding Company (IHC) has executed a $30 million transaction using a stablecoin pegged to the UAE Dirham, Bitcoin.com reported. This marks the first major institutional transaction for the stablecoin since it received regulatory approval. The deal was conducted with the DDSC stablecoin on the ADI Chain, an institutional Layer 2 blockchain developed by the ADI Foundation.