Consortium / Parent-level: Led by International Holding Company (IHC) in collaboration with First Abu Dhabi Bank (FAB) and Sirius International Holding (IHC’s technology subsidiary).
DDSC operates through two sister SPVs: AEDC Stable Coin-L.L.C. (issuance) and AEDC Stable Coin Network And Distribution - L.L.C. (operations, conversion, custody & transfer).
It is fully backed 1:1 by UAE Dirhams held in audited, ring-fenced accounts at licensed custodians (no fractional reserves). DDSC operates exclusively on the ADI Chain (institutional Layer-2 blockchain) under oversight of the Central Bank of the UAE (CBUAE). It is designed for high-value institutional and government use cases such as payments, treasury management, settlement, and programmable finance.
Verified