Ledger Supports UAE’s $ADI Token as Stablecoin Infrastructure Grows
- Ledger has integrated support for the $ADI token, associated with the ADI Chain network focused on stablecoins and tokenized assets.
- ADI Chain is backed by Abu Dhabi’s Sirius International Holding and supports the DDSC stablecoin ecosystem launched with First Abu Dhabi Bank.
- The integration allows users to manage $ADI through Ledger Wallet and hardware signing devices, enhancing institutional use cases like cross-border payments.
- A recent transfer of AED 110 million ($30 million) in DDSC was one of the largest stablecoin transactions in the UAE.
- Euro-backed stablecoins represent over 80% of non-US dollar stablecoins, despite accounting for less than 1% of global stablecoin volume.
The support for $ADI reflects a growing trend in developing regulated stablecoin infrastructure in the UAE, particularly as institutions seek to enhance cross-border transaction capabilities.
With a market cap exceeding $300 billion for all stablecoins, Ledger’s integration of $ADI positions it strategically within a rapidly evolving financial landscape (Source).
