PUSD Stablecoin deploys on ADI Chain, Targetting $ 3 Trillion Islamic Finance Market
Based on reports shared with Cointelegraph, the most recent update regarding PUSD (issued by Palm Azgar Finance) is that it has deployed on ADI Chain to target Islamic finance markets, with roughly $2.3 billion in circulation.
Key Details from the Latest Update (April 22, 2026):
Target Market: The stablecoin aims to provide access to Islamic finance markets, which total over $3 trillion in global assets.
Backing: PUSD is pegged 1:1, backed by reserves held in Saudi riyals and UAE dirhams.
Deployment: It is designed for institutional use, including corporate treasuries and payment processors, and is already available on Ethereum, BNB Chain, Solana, and Tron.
Integration: The deployment on ADI Chain—a settlement layer initiated by International Holding Company and First Abu Dhabi Bank—allows for institutions to settle transactions via a dirham-denominated token.