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2026-03-30
06:06

UAE's first USD stablecoin launched, USDU facilitates compliant digital asset settlement

On January 29, news, Universal Digital Intl Limited announced the launch of the first USD stablecoin USDU approved by the Central Bank of the United Arab Emirates. This move makes the company the first foreign payment token issuer registered in the UAE, and also the first of its kind registered under the UAE Payment Token Service Regulations (PTSR). Universal stated that the launch of USDU marks an important milestone in the UAE's development of regulated digital asset infrastructure. As a USD-pegged settlement token, USDU can be used for compliant interbank payments and digital asset settlements, meeting the UAE's requirements that digital asset and derivative transactions must be settled in fiat currency or registered foreign payment tokens. Universal senior executive Juha Viitala emphasized that USDU sets a new compliance standard for digital value, providing institutional users with a clear legal framework and confidence.
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