coin-img-ETHETH-1.85%coin-img-HYPEHYPE-6.33%coin-img-XAUTXAUT+4.55%coin-img-ASTERASTER-7.66%coin-img-BIRBBIRB+215.00%coin-img-BTCBTC-1.33%coin-img-SOLSOL-2.92%coin-img-XRPXRP-1.92%coin-img-ETHETH-1.85%coin-img-HYPEHYPE-6.33%coin-img-XAUTXAUT+4.55%coin-img-ASTERASTER-7.66%coin-img-BIRBBIRB+215.00%coin-img-BTCBTC-1.33%coin-img-SOLSOL-2.92%coin-img-XRPXRP-1.92%coin-img-ETHETH-1.85%coin-img-HYPEHYPE-6.33%coin-img-XAUTXAUT+4.55%coin-img-ASTERASTER-7.66%coin-img-BIRBBIRB+215.00%coin-img-BTCBTC-1.33%coin-img-SOLSOL-2.92%coin-img-XRPXRP-1.92%coin-img-ETHETH-1.85%coin-img-HYPEHYPE-6.33%coin-img-XAUTXAUT+4.55%coin-img-ASTERASTER-7.66%coin-img-BIRBBIRB+215.00%coin-img-BTCBTC-1.33%coin-img-SOLSOL-2.92%coin-img-XRPXRP-1.92%

UAE Central Bank Approves USDU as First USD-Pegged Stablecoin Under PTSR Framework

The Central Bank of the UAE authorized USD stablecoin USDU on Jan. 29 under its Payment Token Services Regulatory Framework, marking the first USD-pegged stablecoin approved in the country. USDU is issued by crypto firm Universal Digital, supervised by the Financial Services Regulatory Authority of Abu Dhabi Global Market, with reserves held 1:1 in protected accounts at Emirates NBD, Mashreq and Mbank. Digital asset infrastructure company Aquanow has been appointed global distribution partner to support compliant institutional use of USDU outside the UAE.
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