PUSD Stablecoin Expands to ADI Chain, Targeting Middle East and Africa Markets

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PUSD expands to ADI Chain in Middle East stablecoin push

PUSD, a stablecoin designed to follow Islamic financial principles (Shariah compliance) and backed by currencies from Gulf countries, will launch on ADI Chain. ADI Chain is a technology layer built to facilitate secure financial settlements for institutions in the Middle East.

Summary

  • PUSD joined ADI Chain, giving institutions another stablecoin option for settlement across Gulf and Africa.
  • The Shariah-compliant token holds $2.3 billion circulation and stays backed by Saudi and UAE reserves.
  • ADI Chain now supports dollar-linked and dirham-based stablecoins as UAE digital asset rules keep expanding.

This new development brings another blockchain option to the token, which is currently used on Ethereum, BNB Chain, Solana, and Tron.

PUSD is a stablecoin with $2.3 billion currently in use. It’s fully backed by reserves of Saudi and UAE currencies, which are both valued at the same rate as the US dollar. The recent launch of ADI Chain aims to make PUSD more widely used for payments and settling digital asset transactions throughout the region.

Focus turns to Islamic finance access

This new system connects PUSD with the large and growing Islamic finance market, which manages over $3 trillion worldwide, as reported by the ADI Foundation. The token is specifically created to follow Islamic financial guidelines, potentially making it a suitable digital payment option for institutions that adhere to these rules.

Palm Azgar Finance created PUSD for businesses like corporate treasuries, exchanges, and payment processors. By connecting it to the ADI Chain, these users can easily process payments throughout the Gulf region, the broader Middle East, and even parts of Africa.

As a crypto investor, I’m really watching ADI Chain. They’re already handling settlements for a stablecoin backed by the UAE dirham – a project from International Holding Company and First Abu Dhabi Bank, and it’s officially licensed by the Central Bank of the UAE. Now, they’re adding PUSD, another stablecoin, which is great news. It means institutions like me have a choice: we can use a dollar-backed stablecoin *or* a dirham-based one, all on the same network. Having that flexibility is a big plus.

As a researcher studying blockchain technology, I’ve been following ADI Chain’s developments closely. They’ve designed their network so that all transactions require their native token to pay for fees. From what they’ve shared, this is specifically to facilitate institutional settlements and cross-border payments, especially in regions where stablecoins are becoming increasingly popular. This integration also highlights a broader trend: regional blockchains are actively broadening their stablecoin capabilities to meet the needs of larger organizations and users.

UAE stablecoin rules continue to develop

This launch is happening as the United Arab Emirates develops regulations for digital currencies, including stablecoins. Both the UAE Central Bank and Abu Dhabi Global Market have created guidelines for digital payment tokens and companies dealing with virtual assets. At the same time, local banks and other organizations are experimenting with new digital currencies to improve payments and settlements.

The UAE is seeing increased activity in the digital asset space, with new stablecoins pegged to both the dirham and the dollar being approved. Several cryptocurrency companies have also been authorized to operate in Abu Dhabi. Now, with PUSD launching on ADI Chain, the UAE’s digital asset market continues to expand with another stablecoin project.

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2026-04-23 08:54