Today, February 12, 2026, we witnessed a tectonic
shift in the state stablecoin industry. The Central Bank of the UAE gave the 'green light' to DDSC — a dirham stablecoin built on
the institutional L2 blockchain ADI Chain. This event sets a new standard of legitimacy for the entire industry.
But let's pay attention to the parallels.
UAE Model: 'Top down'
DDSC is a product of giants: IHC, First Abu Dhabi Bank, Sirius. This is an institutional story: high entry thresholds, focus on B2B, corporate treasuries, and trade finance.
Transparency and regulatory compliance are absolute priorities. The UAE
is building infrastructure for an 'autonomous economy', including settlements between AI agents.
KGST Model: 'Expansion through accessibility'
Kyrgyzstan chose a different, but no less effective trajectory.$KGST works on $BNB Chain (BEP-20) — a public network with millions of users.
Instead of building a proprietary blockchain — integration into an already
existing global liquidity.
Synergy, not competition
What connects DDSC and KGST? Both projects emphasize: the future is in regulated, fully backed stablecoins.
Both the UAE and Kyrgyzstan demonstrate maturity: digital currency should not be 'crypto-anarchy'. It should be a bridge between traditional finance and blockchain.
As Farhat Iminov stated: 'Our goal is not just separate projects, but
the creation of a national infrastructure for digital finance, integrated into the global economy.
Today, observing the launch of DDSC, we see: the KGST strategy was correct. The digital som is already where others are just entering. And this is just the beginning.
A question to the community: which model of scaling state stablecoins seems more sustainable to you — institutional (UAE) or public $KGST ? @Binance CIS #Stablecoins