Cointelegraph reported that the Sharia-compliant stablecoin PUSD will be supported on the Middle East institutional payment Layer 2 network, ADI Chain. PUSD is a stablecoin 1:1 collateralized by Saudi Riyal (SAR) and UAE Dirham (AED) reserves, with approximately $2.3 billion currently in circulation. ADI Chain is an infrastructure licensed by the UAE Central Bank, a Dirham-based stablecoin payment layer promoted by International Holding Company and First Abu Dhabi Bank.
