Universal Digital Unveils UAE's First US Dollar Stablecoin, USDU

Universal Digital introduces USDU, marking the UAE's inaugural US dollar-backed stablecoin approved by the central bank.

In a significant advancement for the cryptocurrency sector in the UAE, Universal Digital, a company based in Abu Dhabi, has officially launched USDU. This innovative digital asset stands out as the first stablecoin in the United Arab Emirates that is backed by the US dollar and has received formal registration from the UAE Central Bank under its Payment Token Services Regulation.