Fasset Lists Dirham-Backed Stablecoin, Enabling Seamless Swapping Across UAE
Fasset, a global regulated stablecoin-powered broker-dealer platform, has announced it will list DDSC (Dirham-Backed Stablecoin) stablecoin upon approval from VARA. This makes Fasset the first VARA-regulated entity to offer DDSC stablecoin.
The listing of DDSC stablecoin on Fasset's platform enables seamless swapping between DDSC and other leading stablecoins, including USDC and USDT. It also sets the stage for joint card issuance, merchant payment acceptance, and fiat on/off-ramp infrastructure for DDSC stablecoin across the UAE.
DDSC stablecoin is a dirham-denominated digital asset operating under central-bank oversight. It provides businesses, institutions, and consumers with a trusted foundation for using digital money in everyday payments, settlement, and broader financial services across the UAE.