Bank · United Arab Emirates
First Abu Dhabi Bank
First Abu Dhabi Bank PJSC · bankfab.com (opens source in new tab)
Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-10-22
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | 12.5 | Approved / authorised (evidence needs review: ×0.5) · initiative |
| Technical delivery | 20 | — | No verified status — not scored |
| Product breadth | 15 | 5 | 1 product category with a verified status: Stablecoin issuance |
| Recent verified activity | 5 | 5 | Last verified change 2026-07-04 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Stablecoin issuance · United Arab Emirates
DDSC dirham stablecoin (with IHC, Sirius)
- regulatory
- Approved / authorised2026-07-04
- technical
- Unknown
- commercial
- Unknown
The DDSC dirham stablecoin, backed by FAB with IHC and Sirius, said it received a CBUAE No Objection Certificate to partner with selected VARA-regulated exchanges.
Scope: Selected VARA-regulated exchanges.
In tracker · last verified 2026-10-22
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
- Approved / authorised DDSC dirham stablecoin (with IHC, Sirius)
Central Bank of the UAE · 4 Jul 2026
Official institutionalDDSC receives Central Bank approval to partner with selected VARA-regulated exchange platforms (opens source in new tab)
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
No partner or provider named in our verified sources yet.
Regulator records & actions
Register entries and regulator publications that name this institution.
None in our verified data.
Markets (from stated target markets): United Arab Emirates
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2026-07-04 · Status
CBUAE NOC per issuer press release.
2026-07-04 · Item
DDSC dirham stablecoin receives CBUAE approval for selected VARA-regulated exchanges
DDSC (press release via Zawya)
Full coverage for First Abu Dhabi Bank · Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections