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Techub News reports that, according to Cointelegraph, the stablecoin project PUSD announced it will be deployed on ADI Chain. The stablecoin has a circulation of approximately $2.3 billion and is backed 1:1 by Saudi Riyals and UAE Dirhams, which were previously launched on networks such as Ethereum and Solana.
ADI Chain is the settlement layer for Dirham-backed stablecoins authorized by the Central Bank of the United Arab Emirates. The stablecoin is issued by Palm Azgar Finance and is designed for institutional users. This integration adds a dollar-pegged asset to the network, supporting cross-border settlements alongside the existing Dirham-denominated tokens.