The recent integration of Ledger’s self-custody platform with the ADI Chain network marks a significant development for the ADI token, enhancing its accessibility for users. The ADI Foundation, linked to the UAE, aims to facilitate stablecoin transactions and tokenized asset management through its infrastructure.
Ledger has introduced support for the $ADI token, which is integral to the ADI Chain's operations. This layer-2 network, backed by Abu Dhabi's Sirius International Holding, is designed for institutional use cases such as cross-border payments and trade settlements. The recent transfer of 110 million dirhams (about $30 million) for the DDSC stablecoin signifies one of the largest stablecoin transactions within the UAE.
With this partnership, users can securely manage their $ADI holdings through Ledger Wallet and hardware signing devices. The growth of euro-backed stablecoins continues, with over 80% of the non-US dollar stablecoin market attributed to them, reflecting a broader trend towards stablecoin adoption in various financial operations.