PUSD stablecoin deploys on ADI Chain, targeting Islamic finance market
22 Apr 2026 · 21:11 UTC · Cointelegraph RSS Feed · Original source
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Summary
PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, has expanded to ADI Chain, a Layer 2 network aimed at institutional settlement in the Middle East. The deployment targets the $3 trillion Islamic finance market, enabling Islamic institutions to participate in cryptocurrency markets while maintaining Shariah compliance requirements.
Why it matters
The key mechanism is removing friction for Islamic institutions: the $3T Islamic finance market has been largely excluded from crypto due to Shariah compliance requirements. PUSD plus institutional-grade Layer 2 settlement infrastructure directly addresses this gap. Even capturing 1-5% of the addressable Islamic finance market could create material demand. However, execution risk is substantial—many crypto initiatives target institutions but see limited actual adoption. Critical uncertainties include: ADI Chain legitimacy and operational stability, regulatory approvals in Middle Eastern jurisdictions, actual institutional uptake velocity, and competition from other Shariah-compliant solutions. The article lacks technical depth, partnership specifics, and regulatory clarity, making the $3T market size claim speculative (it refers to total Islamic finance, not addressable crypto market). Altcoins more sensitive to DeFi infrastructure news than BTC. Long-term success depends on regulatory clarity, institutional adoption momentum, and broader macro sentiment. Impact likely accrues over weeks-to-months rather than immediate days.
Expected impact
The deployment of PUSD on ADI Chain represents a significant expansion of Shariah-compliant cryptocurrency infrastructure, targeting the massive Islamic finance market. This move enables Islamic institutions to participate in crypto without violating Shariah principles, potentially unlocking institutional capital from the $3T+ Islamic finance sector. The deployment provides a stable, compliant asset for Middle Eastern institutional settlement and trading, while strengthening the Islamic DeFi ecosystem. Short-term (hours to days) impact is modest as news filters through markets with possible targeted buying by Islamic finance participants. Medium-term (weeks) could see increased institutional interest in Islamic crypto products, boosting both BTC and DeFi altcoins. Long-term (months+), if successful, PUSD could become the dominant Islamic stablecoin, establishing Shariah-compliant finance as a key growth vector for crypto adoption and attracting significant institutional inflows.