Universal has launched the UAE’s first Central Bank-registered US dollar stablecoin, marking a milestone in the country’s regulated digital asset framework.
The token, USDU, is the first USD-backed stablecoin registered as a Foreign Payment Token under the UAE’s Payment Token Services Regulation. The launch positions the UAE among the first major financial jurisdictions to implement a fully regulated framework for USD-denominated digital asset settlement.
Under current regulations, payments for digital assets and related derivatives must be conducted using fiat currency or a registered foreign payment token, making USDU a critical enabler for compliant market activity.
Gulf Economist Staff Writer