First US Dollar Stablecoin Registered in UAE by Universal Digital

Universal Digital from Abu Dhabi has introduced USDU, a groundbreaking stablecoin backed by the US dollar and regulated by the UAE central bank.

In a significant milestone for the cryptocurrency landscape in the United Arab Emirates, Universal Digital, an Abu Dhabi-based firm, has officially unveiled USDU. This new stablecoin is notable for being the first in the UAE to receive registration from the UAE central bank, following the guidelines set forth under its Payment Token Services Regulation.

USDU is pegged to the US dollar, ensuring stability and reliability for investors and users alike. The launch of this dollar-backed stablecoin represents a crucial step in the growth of the digital asset ecosystem within the region, showcasing Abu Dhabi's commitment to advancing financial innovation.