A dollar-linked stablecoin built to meet Islamic finance standards is now operating on a new blockchain network anchored in the Middle East, adding a second digital currency to a settlement platform backed by some of Abu Dhabi’s biggest financial names. Related Reading: Consistent XRP Buys Could Deliver Outsized Gains By 2030: Finance Expert Backed By Gulf Currencies, Not Just The Dollar PUSD, issued by Palm Azgar Finance, holds reserves in Saudi riyals and UAE dirhams — both pegged to the US dollar — rather than holding US dollars directly. That structure is central to its Shariah-compliant design, which is aimed at institutions operating under Islamic finance rules that prohibit interest and require asset backing. The stablecoin has roughly $2.3 billion in circulation and runs on several major blockchains, including Ethereum, BNB Chain, Solana, and Tron. ADI Chain is its newest addition. ADI Chain was built as a settlement layer for a dirham-backed token that came out of a partnership between International Holding Company and First Abu Dhabi Bank. The Central Bank of the UAE licensed it. With PUSD now on board, institutions using the network can settle transactions in either a dollar-linked or dirham-denominated token operating on the same platform. The ADI Foundation says the network is designed to support payment corridors across the Gulf, broader Middle East, and parts of Africa. A $3 Trillion Market In The Crosshairs Islamic finance assets are estimated at more than $3 trillion worldwide, according to the ADI Foundation. That market has traditionally been served by conventional banks and funds operating under Shariah guidelines, but blockchain-based alternatives have struggled to break through at scale. Sharia Law At A Glance Shariah law forbids interest, limits speculation, and requires financial instruments to be backed by real assets — rules that disqualify most crypto products outright. For a stablecoin to meet that standard, it must hold verifiable reserves and generate no interest-based returns. Certification from a board of qualified Islamic scholars is typically required, though the report does not confirm whether PUSD has obtained one. PUSD’s move onto ADI Chain is a bid to change that, targeting corporate treasuries, exchanges, and payment processors looking for compliant digital settlement tools. The UAE has become one of the more active regulatory environments for stablecoins. Several frameworks have been put in place by the Central Bank and the Abu Dhabi Global Market, covering both dirham-pegged and dollar-denominated tokens. Related Reading: A New Phase For XRP? Integrations Keep Rolling In Across The Ecosystem Global Players Already In The UAE Space Approvals have also been extended to established names. Tether, Ripple USD, and Circle have all been cleared to operate within the ADGM financial zone by its Financial Services Regulatory Authority. That puts PUSD in a field that includes some of the largest stablecoin issuers in the world, competing for a share of institutional transaction flow in one of the region’s most active financial hubs. Featured image from Unsplash, chart from TradingView
The disruption highlights the vulnerability of global supply chains, potentially leading to increased geopolitical tensions and market volatility.
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The conflict could destabilize global markets, exacerbate regional tensions, and significantly impact global poverty levels.
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The ceasefire extension may stabilize regional tensions temporarily, but its sustainability hinges on successful diplomatic negotiations.
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The ceasefire collapse highlights Bitcoin's resilience to geopolitical tensions, suggesting traders don't foresee immediate market disruption.
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Gold's diminishing role as an inflation hedge may shift investor focus to oil, impacting market dynamics amid geopolitical tensions.
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The significant military expenditure without formal war declaration highlights the complexities of modern conflict and political decision-making.
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Nvidia's market cap milestone underscores its pivotal role in AI tech, potentially reshaping global tech leadership and investment dynamics.
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The EU's guidelines could diminish Google's competitive edge in AI distribution, potentially altering market dynamics and innovation pace.
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The disruption in shipping routes may lead to increased global trade costs and economic instability, affecting supply chains worldwide.
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Increased tanker movements amid a US blockade could heighten geopolitical tensions, impacting global oil prices and market stability.
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The US-Iran conflict boosts the dollar's safe-haven appeal, but Japan's rate cut odds remain unaffected, highlighting market inertia.
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Japan's rising core inflation due to energy costs pressures BOJ's rate policy, highlighting geopolitical risks' impact on economic stability.
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Rising inflation in Japan complicates monetary policy, limiting the Bank of Japan's flexibility to stimulate the economy through rate cuts.
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Rising inflation in Japan suggests a shift towards maintaining or increasing rates, impacting economic strategies and market expectations.
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Iran's toll on the Strait of Hormuz could reshape global shipping routes, increasing costs and geopolitical tensions in the region.
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Trump's tariff threats against the UK could strain US-UK relations, complicating diplomatic efforts and impacting global economic stability.
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SpaceX's $20B loan suggests strategic positioning for a significant IPO, potentially reshaping market dynamics and investor expectations.
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Anthropic's Claude with persistent memory could shift AI competition dynamics, influencing strategic market positioning and leaderboard outcomes.
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Bitcoin and crypto have already proven that six figures are achievable, with price surging past $100,000 and extending to a peak of $126,198 in 2025. However, the pullback that followed has since dragged Bitcoin down to around $78,267. Yet, rather than signaling the end of the cycle, one expert argues that this downtrend is part of a broader structure that points to a return above $100,000. Bitcoin’s $100,000 Crypto Cycle Crypto expert @TheRealPlanC recently stated in a tweet that the rally which carried Bitcoin beyond $100,000 did not occur under favorable economic conditions. Instead, he explained that it developed during a contractionary business cycle, a period that has historically constrained risk assets. Related Reading: The Bitcoin Playbook: Analyst Says These 4 Numbers Are Your Entire Week Even within that restrictive environment, Bitcoin advanced into six-figure territory, suggesting that underlying demand remained intact. As the expert notes, that strength was met with sustained selling. Long-term holders reduced exposure as prices climbed beyond $100,000, while traders guided by Bitcoin’s four-year cycle exited positions toward the latter part of 2025. The decline that followed was intense but not driven by market structure alone. A combination of disruptions, including an exchange-related incident, institutional trading concerns, and heightened global uncertainty, added further strain. Despite these pressures, Bitcoin’s drawdown settled at roughly 52% from peak to trough, a level that, in the analyst’s view, reflects a correction rather than a collapse. This sequence, as @TheRealPlanC frames it, recasts the $126,198 high. Instead of marking the end of the cycle, it begins to resemble the first peak in a market that has yet to fully play out. When Bitcoin Could Climb Back Above $100,000 With Bitcoin now trading well below its previous high, the focus shifts to timing its return above $100,000. The Crypto expert links this expectation to a shift in the broader economic backdrop. He points to recent data showing the business cycle moving above the neutral threshold for three consecutive months, a development that signals a transition toward expansion. This shift is significant because it contrasts with the restrictive conditions that defined the earlier rally, opening the door for renewed upside. Related Reading: Pundit Predicts XRP Price Will Hit $100 In 2026 If These Dominoes Fall He also highlights changing demand dynamics. Large-scale accumulation, led by corporate buyers such as Michael Saylor, is reportedly absorbing between 10,000 and 30,000 Bitcoin each week. In the analyst’s view, this steady demand adds a structural layer of support as the market stabilizes. Within this context, @TheRealPlanC interprets the decline from $126,198 to current levels near $78,267 as a mid-cycle reset rather than a prolonged downturn. Based on this framework, the analyst expects Bitcoin to reclaim $100,000 as conditions improve. He ultimately places the next major peak in 2027, suggesting that a move back above six figures could occur before that point as momentum gradually rebuilds. This perspective positions the current phase as part of an extended cycle, where reclaiming $100,000 signals continuation rather than completion. Featured image created with Dall.E, chart from Tradingview.com
Intel's earnings boost highlights potential volatility in market cap rankings, challenging NVIDIA's dominance amid strategic shifts and policies.
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The rupee's decline and oil price volatility could exacerbate India's economic challenges, impacting trade balance and inflation.
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The Bitcoin surge highlights the impact of shifting market sentiment, potentially influencing future investment strategies and regulatory focus.
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Rubio's comments heighten US-Iran tensions, reducing diplomatic chances and increasing market volatility, reflecting geopolitical uncertainty.
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Trump's military focus over diplomacy may prolong tensions, affecting global markets and geopolitical stability, with uncertain ceasefire prospects.
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The cautious market response highlights uncertainty in cannabis reform, with potential legal hurdles impacting broader industry progress.
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The seizure escalates tensions but is seen as a contained action, unlikely to trigger immediate military responses or broader conflict.
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Trump's demand complicates U.S.-Iran talks, reducing chances of uranium deal and signaling a tougher U.S. stance, impacting market dynamics.
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The extension may pave the way for broader peace talks, potentially involving Hezbollah disarmament and reduced Israeli military presence.
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A potential high-level meeting could signal a significant diplomatic shift, impacting regional stability and international relations dynamics.
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