UAE Gets First Central Bank-Registered Stablecoin Courtesy of Universal

• Universal has launched the USDU in the UAE.
• USDU is the first Central Bank-registered stablecoin in the UAE.
• Leading UAE banks supported Universal’s USDU stablecoin project.

Universal Digital International Limited (Universal) has launched the USDU as the first USD-backed stablecoin registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (“PTSR”).

Another Milestone in the UAE’s Digital Advancement

This landmark event marks a significant milestone in the UAE’s push towards developing a regulated digital asset infrastructure. In its latest press release, Universal stated that its latest achievement positions the USDU stablecoin as the UAE’s first compliant USD-denominated settlement for digital assets.

In the meantime, considering the prevailing regulatory framework for digital assets in the UA…

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