PUSD Stablecoin Deploys on ADI Chain, Targeting Islamic Finance Market
22 Apr 2026 · 22:11 UTC · Cointelegraph RSS Feed · Original source
Read original at Cointelegraph RSS Feed →
Summary
The Shariah-compliant stablecoin PUSD, backed by Gulf currencies, has expanded to ADI Chain, a Layer-2 network. The deployment targets institutional settlement and adoption within the $3 trillion Islamic finance market, particularly in the Middle East. This move represents an effort to bring cryptocurrency infrastructure to one of the world's largest untapped financial sectors, combining blockchain technology with Islamic finance principles and institutional-grade settlement infrastructure.
Why it matters
The mechanism underlying this prediction is straightforward: institutional markets seek Shariah-compliant financial instruments, and a specialized stablecoin addressing this gap could drive adoption among Islamic banks, wealth funds, and institutional investors. This institutional adoption narrative flows through to broader crypto market sentiment. Key market drivers include: (1) unmet demand in the Islamic finance sector for crypto-compatible instruments, (2) Layer-2 ecosystem growth narrative (ADI Chain deployment), and (3) stablecoin ecosystem expansion. The predictions assume PUSD maintains sufficient liquidity and regulatory clarity, and that ADI Chain gains traction with institutional users. Critical uncertainties include regulatory status in major jurisdictions, actual institutional adoption rates (deployment ≠ usage), market fragmentation from competing Islamic DeFi products, and dominant macro factors. Altcoins show stronger predicted impact than BTC due to direct exposure to Layer-2 and DeFi narratives. Confidence levels decline for minute-level predictions (high noise) and monthly projections (single news event has limited long-term bearing).
Expected impact
The deployment of PUSD on ADI Chain represents meaningful progress toward integrating cryptocurrency with Islamic finance. The $3T Islamic finance market is largely untapped by crypto, and a Shariah-compliant stablecoin tailored to institutional settlement could drive adoption among Middle Eastern and global Islamic institutions. This creates a positive signal for institutional crypto adoption, particularly in emerging markets. Near-term market impact is likely moderate: BTC may see modest buying pressure from institutional interest signals, while altcoins—especially Layer-2 and DeFi tokens—could experience stronger gains. The Islamic finance angle could attract ESG-conscious and socially-responsible investors. Longer-term impact depends on actual adoption: If PUSD gains traction with major Middle Eastern institutions, it could unlock substantial capital flows into the crypto ecosystem. However, regulatory uncertainty and existing stablecoin alternatives create headwinds that may limit near-term market reaction.