IHC's Stablecoin DDSC Wins Regulatory Nod for Vara-Regulated Exchange Platforms Launch

International Holding Co. (ADX:IHC), d/b/a IHC's, Emirati dirham-backed stablecoin, DDSC, will be launched on certain exchange platforms after it secured a no-objection certificate. The investment conglomerate said on July 3 that the certificate was secured from the Central Bank of the UAE and follows the fulfillment of conditions. As such, the stablecoin will go live on Virtual Assets Regulatory Authority-regulated platforms. IHC developed the virtual currency in partnership with First Abu Dhabi Bank (ADX:FAB) and Sirius International.