PUSD, a $2.3B Shariah-compliant stablecoin, deploys on UAE-regulated ADI Chain to tap $3T Islamic finance market
CoinTelegraph •
Revision history
2 recorded changes
Want your article here?
Promote with Leviathan NewsPalm Azgar Finance's $2.3B PUSD stablecoin — backed 1:1 by Saudi riyals and UAE dirhams — is going live on ADI Chain, the UAE Central Bank-licensed L2 initiated by First Abu Dhabi Bank and International Holding Company. The move adds a sixth chain alongside Ethereum, BNB, Solana, and Tron, positioning PUSD as rails into the $3T global Islamic finance market. Shariah compliance plus UAE regulatory backing is the real unlock — this is corporate treasury and payment-processor plumbing, not another retail on-ramp play.
TLDR by @Benthic
More on Markets
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Bitcoin slumps to about 60k, roughly 50% below its 2025 peak, as hot money rotates into AI stocks, Iran war jitters grow, and hoped‑for US crypto market‑structure reforms stall, pressuring key BTC narratives.
CNBC ·
Nova Markets secures strategic funding round as it navigates volatile markets and evolving regulatory landscape
𝕏/@novadotmarkets ·
Coinbase offers traders early access to SpaceX via pre-IPO perps, unlocking a rare private-market opportunity
𝕏/@coinbase ·
Delphi Digital’s new ‘state of token markets’ report shows most tokens trade below launch while capital shifts toward real cash flows
𝕏/@Delphi_Digital ·
Developer unveils quant strategy for trading FIFA World Cup markets on Polymarket
𝕏/@RohOnChain ·
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Bitcoin slumps to about 60k, roughly 50% below its 2025 peak, as hot money rotates into AI stocks, Iran war jitters grow, and hoped‑for US crypto market‑structure reforms stall, pressuring key BTC narratives.
CNBC ·
Nova Markets secures strategic funding round as it navigates volatile markets and evolving regulatory landscape
𝕏/@novadotmarkets ·
Coinbase offers traders early access to SpaceX via pre-IPO perps, unlocking a rare private-market opportunity
𝕏/@coinbase ·
Delphi Digital’s new ‘state of token markets’ report shows most tokens trade below launch while capital shifts toward real cash flows
𝕏/@Delphi_Digital ·
Developer unveils quant strategy for trading FIFA World Cup markets on Polymarket
𝕏/@RohOnChain ·