PUSD Stablecoin Integrates with ADI Chain to Target $3 Trillion Islamic Finance Sector

PUSD, a stablecoin designed for Shariah compliance and backed by Gulf currencies, has announced its deployment on ADI Chain. This Layer 2 network is specifically engineered for institutional settlement across the Middle East, providing a regulated environment for high-value transactions. PUSD currently maintains approximately $2.3 billion in circulation. Its value is secured 1:1 by reserves of Saudi riyals and UAE dirhams, both of which are pegged to the U.S. dollar. By integrating with ADI Chain, PUSD joins a growing ecosystem of digital assets aimed at capturing a share of the global Islamic finance market, which is estimated to exceed $3 trillion in assets. ADI Chain serves as the settlement layer for a dirham-backed stablecoin initiative led by First Abu Dhabi Bank and International Holding Company, with licensing from the Central Bank of the UAE. The addition of PUSD allows institutional users—including payment processors and corporate treasuries—to toggle between dollar-linked and dirham-denominated assets on a single infrastructure. This deployment reflects the UAE's broader strategy to modernize cross-border payments and domestic settlement. The region has seen a surge in regulated digital asset activity, with the Central Bank of the UAE and the Abu Dhabi Global Market (ADGM) establishing comprehensive frameworks. Other recent developments include the launch of USDU and approvals for major players like Circle and Tether to operate within the ADGM zone.