99% of global stablecoin liquidity is denominated in USD.
Every time someone across the world holds USD stablecoins ➝ They're lending money to the US govt
USD stablecoins made moving money easy. But the reserves sit in US Treasuries, settlement runs through US banks and every dollar held offshore is a dollar drained from local banking systems. Convenient for users but a problem for sovereign nations.
The fix is sovereign grade stablecoins + backed by local reserves + settled on local rails & free from US jurisdictional reach.
That's exactly what DDSC is and it just got launched on $ADI
It is fully Dirham-backed stablecoin, reserves held in UAE banks. The AED is pegged to the dollar for stability but settlement never touches US rails.
➢ $ADI is the gas token powering every transaction onchain.
➢ Initiated by IHC ($240B conglomerate) and First Abu Dhabi Bank (UAE's largest bank)
➢ Licensed by the UAE Central Bank
➢ BlackRock, Franklin Templeton, Mastercard are partners
Countries aren't waiting for crypto to come to them. They're building their own rails.