That structure<\/a> is central to its Shariah-compliant design, which is aimed at institutions operating under Islamic finance rules that prohibit interest and require asset backing.<\/p>\n The stablecoin has roughly $2.3 billion in circulation and runs on several major blockchains, including Ethereum, BNB Chain, Solana, and Tron. ADI Chain is its newest addition.<\/p>\n ADI Chain<\/a> was built as a settlement layer for a dirham-backed token that came out of a partnership between International Holding Company and First Abu Dhabi Bank. The Central Bank of the UAE licensed it.<\/p>\n With PUSD now on board, institutions using the network can settle transactions in either a dollar-linked or dirham-denominated token operating on the same platform.<\/p>\n The ADI Foundation says the network is designed to support payment corridors across the Gulf, broader Middle East, and parts of Africa.<\/p>\n Islamic finance assets are estimated at more than $3 trillion worldwide, according to the ADI Foundation. That market has traditionally been served by conventional banks and funds operating under Shariah<\/a> guidelines, but blockchain-based alternatives have struggled to break through at scale.<\/p>\n Sharia Law At A Glance<\/p>\n Shariah law<\/a> forbids interest, limits speculation, and requires financial instruments to be backed by real assets \u2014 rules that disqualify most crypto products outright. For a stablecoin to meet that standard, it must hold verifiable reserves and generate no interest-based returns.<\/p>\n Certification from a board of qualified Islamic scholars is typically required, though the report does not confirm whether PUSD has obtained one.<\/p>\n PUSD’s move onto ADI Chain is a bid to change that, targeting corporate treasuries, exchanges, and payment processors looking for compliant digital settlement tools.<\/p>\n The UAE has become one of the more active regulatory environments<\/a> for stablecoins. Several frameworks have been put in place by the Central Bank and the Abu Dhabi Global Market, covering both dirham-pegged and dollar-denominated tokens.<\/p>\n Global Players Already In The UAE Space<\/p>\n Approvals have also been extended to established names. Tether<\/a>, Ripple USD<\/a>, and Circle have all been cleared to operate within the ADGM financial zone by its Financial Services Regulatory Authority.<\/p>\n That puts PUSD in a field that includes some of the largest stablecoin issuers in the world, competing for a share of institutional transaction flow in one of the region’s most active financial hubs.<\/p>\n Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" A dollar-linked stablecoin built to meet Islamic finance standards is now operating on a new blockchain network anchored in the Middle East, adding a second digital currency to a settlement platform backed by some of Abu Dhabi’s biggest financial names. Backed By Gulf Currencies, Not Just The Dollar PUSD, issued by Palm Azgar Finance, holds…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5076,253,51,55,5077,2324,5078,149,828,790],"class_list":["post-11300","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency-market-news","tag-abu-dhabi","tag-blockchain","tag-crypto","tag-cryptocurrency-market-news","tag-dirham","tag-dollar","tag-pusd","tag-ripple","tag-stablecoin","tag-tether"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=11300"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11300\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=11300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=11300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=11300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/a_210e54.png?resize=879%2C500\")
<\/p>\nA $3 Trillion Market In The Crosshairs<\/h2>\n
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