Sidra Set to Become the First Halal Stablecoin Adopted by a Major Tier-One Crypto Exchange

In a significant development for both the cryptocurrency and Islamic finance sectors, one of the world’s leading tier-one cryptocurrency exchanges is reportedly in the final stages of discussions to list Sidra as its official halal-compliant stablecoin. If approved, this move would mark the first time a major global crypto exchange has formally adopted a Sharia-compliant stable digital currency—a development hailed as groundbreaking for the integration of ethical finance principles into digital asset markets.

Sources close to the matter have confirmed that negotiations between Sidra’s development team and the exchange have reached their final phase, with a formal announcement expected in the coming weeks. While the identity of the exchange has not been publicly disclosed due to ongoing non-disclosure agreements, industry insiders suggest that the partnership would represent a major leap forward for halal crypto innovation.

Sidra: The Rise of Ethical Finance in the Digital Era

Sidra is a stablecoin designed from the ground up to comply with Islamic finance principles. Unlike traditional fiat-backed stablecoins, which may engage in interest-based holdings or non-transparent investment strategies, Sidra operates on a fully Shariah-compliant framework. It ensures that reserves are managed according to Islamic ethical standards, avoiding riba (interest), gharar (excessive uncertainty), and haram (prohibited) investments.

The emergence of Sidra aligns with a broader global push toward ethical financial instruments that resonate with both faith-based investors and individuals seeking transparent alternatives to conventional banking and investing models.

“Sidra was developed not only to serve Muslim investors, but to appeal to anyone looking for ethical, transparent, and stable alternatives in the crypto space,” said Ali Khan, Head of Compliance and Strategy at Sidra Labs. “Our partnership with a major exchange will not only validate our compliance model but will also open the door for millions around the world to participate in crypto without compromising their beliefs.”

Growing Demand for Halal Digital Finance

The global Islamic finance market is estimated to be worth over $3 trillion, with a rapidly growing demand for digital financial products that meet the needs of Muslim investors. As more individuals in regions such as the Middle East, Southeast Asia, and North Africa engage with blockchain and decentralized finance, there has been increasing pressure on crypto platforms to offer products that adhere to religious and ethical standards.

Stablecoins like Sidra offer a crucial entry point into crypto markets for observant investors who have, until now, been sidelined due to the lack of compliant financial instruments. Its implementation would not only promote inclusion but may also expand the user base of cryptocurrency exchanges into previously untapped markets.

Bridging Traditional and Digital Finance

Sidra’s potential adoption by a major exchange is also being seen as a milestone in bridging the gap between traditional Islamic finance and the rapidly evolving world of digital assets. By integrating Sidra into their platform, the exchange would be setting a precedent for how compliance and innovation can coexist in the world of decentralized finance.

BREAKING: of the tier-one exchanges is considering using #Sidra as the Halal Stablecoin for the first time in crypto.

We are currently in a final round of discussions from both sides, and an official announcement will be made once everything is finalized.#SidraChain pic.twitter.com/HBzzJadSGb

— Shah rah π (@shrh56108161) April 20, 2025

According to financial analyst Rafiq Mahmud of Global Markets Insight, “The inclusion of a halal-compliant stablecoin on a tier-one exchange would be a game-changer for both crypto and Islamic finance. It not only shows maturity in crypto offerings but also expands investor confidence and regulatory legitimacy.”

The move could also spur a wave of similar projects and possibly initiate a new era of Shariah-compliant digital financial services, including DeFi platforms, staking services, and NFT marketplaces—all built on ethical foundations.

Regulatory Oversight and Transparency

A critical factor in Sidra’s rising prominence is its strict adherence to regulatory transparency and Shariah audits. The stablecoin undergoes regular certification by independent Islamic scholars and regulatory bodies. All underlying assets are publicly verifiable, and the stablecoin’s operational framework has been developed in accordance with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards.

This level of transparency has been crucial in building trust with both users and institutional partners, paving the way for wider acceptance across financial ecosystems. Should the deal with the tier-one exchange be finalized, it would likely accelerate similar listings across other platforms that are watching closely.

Looking Ahead: An Expanding Role for Faith-Based Crypto

Sidra’s rise represents more than a technical advancement—it embodies a cultural and economic shift toward inclusivity, ethical investing, and global financial participation. As more investors seek alignment between their financial choices and their personal values, Sidra is uniquely positioned to lead the charge in creating accessible, principled crypto solutions.

With the official announcement expected soon, market observers are already speculating about the broader implications. Will other tier-one exchanges follow suit? Will this prompt traditional Islamic banks to invest in or develop their own digital assets? And how will regulators respond to this fusion of religious finance and blockchain technology?

While many questions remain, one thing is certain: Sidra’s anticipated debut on a major exchange is poised to make history and redefine what it means to be compliant in the evolving world of cryptocurrency.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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