VARA is the Virtual Assets Regulatory Authority in Dubai, overseeing virtual asset activities in the emirate.

How will this affect Visa (V)?

The stablecoin launch could open new opportunities for Visa in digital payments, but the impact depends on actual adoption.

When will the launch happen?

A specific launch timeline has not been announced yet.

DDSC Launches Regulated Dirham Stablecoin on UAE Exchanges

DDSC has received UAE Central Bank approval to partner with selected VARA-regulated exchanges, expanding AED stablecoin access for retail, merchants and businesses.

July 7, 2026

2 min read

Source: BeInCrypto

DDSC has secured approval from the Central Bank of the United Arab Emirates to partner with selected exchanges regulated by the Virtual Assets Regulatory Authority (VARA) to launch a regulated dirham-pegged stablecoin. The initiative aims to broaden access to the digital currency for retail users, merchants, and businesses.

Details

Under this regulatory greenlight, DDSC will be able to list its dirham-backed stablecoin on VARA-licensed exchanges, enabling users to trade and use it for everyday transactions. Specific exchange names and launch timelines have not yet been disclosed.

Context

This move aligns with the UAE's broader efforts to foster a regulated digital currency ecosystem. The Central Bank previously issued a regulatory framework for stablecoins, while VARA oversees virtual asset activities in Dubai.

What This Means for Investors

The launch of a regulated dirham stablecoin represents a significant development in the UAE's digital payments landscape and could open new opportunities for companies like Visa (V) involved in digital payments. However, the actual impact will depend on adoption rates and real-world usage.

Frequently Asked Questions

DDSC is a digital currency company that received UAE Central Bank approval to launch a regulated dirham stablecoin.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.