UAE's ADI Chain Launches Partnership with Ledger
Ledger has integrated the $ADI token of the ADI Chain, developed by the ADI Foundation, into its ecosystem. This Layer-2 network, linked to the United Arab Emirates (UAE), specializes primarily in stablecoins and the tokenization of real-world assets (RWA). The ADI Chain project is supported by the Abu Dhabi-based Sirius International Holding and is developing the DDSC stablecoin ecosystem in partnership with First Abu Dhabi Bank. This is reported by Cointelegraph.com .
According to the company, this network is designed for institutional purposes such as cross-border payments, treasury operations, and trade settlements. The new integration allows users to securely store and manage $ADI tokens via Ledger Wallet and hardware wallets. The ADI Foundation described the network as infrastructure for regulated stablecoins, noting that the $ADI token is used for gas fees within the network.
Recently, a DDSC transfer of 110 million dirhams (approximately 30 million USD) was executed by International Holding Company. This was recorded as one of the largest public stablecoin transactions in UAE history. While USD-backed stablecoins currently dominate the market, a Dune Analytics report indicates that over 80% of the non-USD stablecoin market is accounted for by the EUR.
The introduction of MiCA (Markets in Crypto-Assets Regulation) in the European Union has created a formal framework for crypto assets. However, analysts at Blockchain for Europe suggest that while MiCA rules make EUR stablecoins safer, they have reduced their competitiveness against USD alternatives. Currently, euro stablecoins account for less than 1% of global volume.
Nevertheless, European institutions continue to develop local currency stablecoin infrastructure. For example, the Qivalis consortium has expanded to 37 members by adding 25 banks from 15 countries. This initiative aims to create a regulated euro stablecoin alternative that is not dependent on the US dollar.
