PUSD plans ADI Chain deployment, adding a dollar-linked stablecoin rail
The move puts PUSD alongside a UAE central bank-licensed dirham stablecoin on an institution-focused settlement L2.
PUSD, a Shariah-compliant stablecoin with about $2.3 billion in circulation, is set to deploy on ADI Chain, expanding beyond Ethereum, BNB Chain, Solana, and Tron. The integration adds a dollar-linked settlement option on a network already positioned around a dirham-backed token licensed by the Central Bank of the UAE.
Key Takeaways
- PUSD is described as Shariah-compliant with about $2.3 billion in circulation and 1:1 reserves held in Saudi riyals and UAE dirhams, both pegged to the US dollar.
- The stablecoin is set to deploy on ADI Chain, extending its footprint beyond Ethereum, BNB Chain, Solana, and Tron.
- ADI Chain is positioned as the settlement layer for a dirham-backed stablecoin initiated by International Holding Company and First Abu Dhabi Bank and licensed by the Central Bank of the UAE.
- With PUSD added, ADI Chain supports settlement using either a dollar-linked asset or a dirham-denominated token, and transactions require the network’s native token for fees.
PUSD Heads to ADI Chain With $2.3B Supply and Gulf-Currency Reserves
PUSD, issued by Palm Azgar Finance, is set to deploy on ADI Chain as its latest chain expansion after Ethereum, BNB Chain, Solana, and Tron. The token is described as Shariah-compliant and designed for institutional use cases including corporate treasuries, exchanges, and payment processors.
The reserve framing matters for how desks will bucket it. PUSD is described as backed 1:1 by reserves held in Saudi riyals and UAE dirhams, with both currencies pegged to the US dollar. In practice, that positions PUSD as a dollar-linked settlement instrument marketed through a Gulf-currency reserve narrative rather than a pure USD cash-and-bills story.
Two-Stablecoin Settlement on One UAE-Linked Institutional Layer 2
ADI Chain’s pitch is institutional settlement in the Middle East, and PUSD’s planned deployment adds a second stablecoin rail to that venue. The network is already tied to a dirham-denominated stablecoin. With PUSD, institutions are being offered a choice on the same infrastructure: settle in a dirham unit or settle in a dollar-linked unit.
That is a market-structure move more than a branding exercise. A two-stablecoin setup can reduce the need to step out to external venues for FX conversion when flows naturally split between local-currency accounting and dollar-linked settlement. It also signals ADI Chain is trying to become a multi-currency settlement layer, not a single-token pilot.
How ADI Chain Ties Into a Central Bank-Licensed Dirham Stablecoin
ADI Chain is described as the settlement layer for a dirham-backed stablecoin initiated by International Holding Company and First Abu Dhabi Bank and licensed by the Central Bank of the UAE. That linkage is the institutional anchor: it places the network’s stablecoin stack inside a regulatory narrative that regional banks and payment firms can actually use.
Transactions on ADI Chain require the network’s native token for fees, and the network is expected to support settlement corridors linking the Gulf, the Middle East, and parts of Africa. The source does not provide the native token’s ticker or fee schedule, and it provides no on-chain adoption metrics like settlement volumes or TVL. Still, the mechanical implication is straightforward: if settlement activity grows because PUSD becomes usable and liquid on the network, demand for the gas token rises with it.
Signals Traders Can Track From the UAE’s Stablecoin Pipeline
The first gating item is confirmation the PUSD deployment is live, not just announced. That means contract addresses on ADI Chain, a working bridge or mint-redemption path, and evidence of exchange or payment integrations that can route real size.
Traders also need basic market plumbing details that are missing today: ADI Chain’s native token ticker and fee schedule, since fees are required in the native token. On the stablecoin side, reserve transparency is the other pressure point. Beyond the stated 1:1 backing claim, the next meaningful update would be third-party attestations or audits.
The broader UAE pipeline is active in parallel. The packet references an e& agreement with Al Maryah Community Bank to test a central bank-licensed dirham-pegged stablecoin in an early-stage pilot, RAKBank receiving in-principle approval to issue a dirham-backed stablecoin subject to final conditions, and Universal Digital launching USDU as a dollar-backed stablecoin registered under the UAE Payment Token Services Regulation.
The Tradeable Angle Is the Rail, Not the Peg
I treat this as an integration headline until there is hard confirmation the deployment is live and liquid. “Set to deploy” is not the same thing as institutions being able to move size, and the packet gives no liquidity, fee, or usage data to validate traction.
The threshold that matters is whether ADI Chain turns the two-stablecoin setup into measurable settlement flow that must pay gas in the native token. If that usage shows up alongside clearer disclosures on the gas token economics and PUSD reserve transparency, the setup starts to look structural rather than narrative-driven, because the value accrues to the rail that clears transactions, not to the marketing around the peg.
