According to Michaël van de Poppe, the UAE has introduced its first regulated stablecoin, DDSC, backed 1:1 by the UAE Dirham, leveraging the ADI Chain blockchain infrastructure. Initiated by International Holding Company (IHC) and First Abu Dhabi Bank (FAB), DDSC aims to revolutionize cross-border trade and digital finance. FAB holds 33% of the UAE banking market, and IHC operates over 1,300 subsidiaries, ensuring strong institutional backing. Partnerships with Mastercard and M-Pesa further enhance adoption potential, with ADI Chain's $ADI token powering transactions. This development could significantly impact stablecoin adoption and blockchain-based remittance flows in the region.

According to CCData_io, today's top crypto stories include Tether's announcement of a new stablecoin pegged to the UAE Dirham, Bitfarms' $125 million acquisition of Stronghold Digital Mining to expand its U.S. presence, and a Public Citizen report criticizing the crypto sector's political influence in the 2024 US elections. These developments could influence market dynamics and investor strategies.

According to @CCData_io, today's top stories in the crypto market include Tether's announcement of a new stablecoin pegged to the UAE Dirham, Bitfarms' $125 million acquisition of Stronghold Digital Mining to expand its U.S. presence, and a Public Citizen report criticizing the crypto sector's political influence in the 2024 U.S. elections.