PUSD Stablecoin Expands to ADI Chain to Capture Islamic Finance Market

PUSD, a stablecoin designed for Shariah compliance and backed by Gulf currencies, has officially expanded its reach by deploying on the ADI Chain. This strategic move is intended to streamline institutional settlements and financial operations across the Middle East. By leveraging a Layer-2 network, PUSD aims to bridge the gap between traditional Islamic finance and decentralized ledger technology. The initiative specifically targets the vast Islamic finance market, which is estimated to be worth approximately $3 trillion. The deployment on ADI Chain is geared toward institutional users, providing a compliant digital asset framework for large-scale transactions. The use of Gulf currency backing ensures stability and alignment with regional economic interests and regulatory preferences. While the immediate impact on global cryptocurrency markets is expected to be limited, the successful integration of Shariah-compliant assets into institutional workflows could open significant capital inflows from the Gulf region. This represents a growing trend of regional financial hubs integrating blockchain technology to enhance sovereign and institutional efficiency.