PUSD stablecoin deploys on ADI Chain, targeting $3T Islamic finance market

PUSD stablecoin deploys on ADI Chain, targeting $3T Islamic finance market

1.43%LINK$9.41 0.70%DOGE$0.0968 2.20%ADA$0.2523 1.73%BTC$78,805 4.11%XLM$0.1782 0.52%SOL$87.56 2.73%XRP$1.44 1.31%BCH$463.25 3.79%ETH$2,404 3.82%HYPE$41.63 5.35%TRX$0.3289 1.66%BNB$641.83 1.98%USD Written by Nate Kostar,Staff WriterReviewed by Robert Lakin,Staff EditorPUSD stablecoin deploys on ADI Chain, targeting $3T Islamic finance market45 minutes agoThe Shariah-compliant stablecoin backed by Gulf currencies expands to a new Layer 2 network aimed at institutional settlement in the Middle East. PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar. It is already av

Source: https://cointelegraph.com/news/pusd-stablecoin-deploys-on-adi-chain-targeting-3t-islamic-finance-market?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound