UAE Central Bank approves USDU, first USD-pegged stablecoin under its framework
The Central Bank of the UAE has approved USDU, a USD-pegged stablecoin issued by Universal Digital Ltd., for use within its regulatory framework and focused on institutional settlement. As of January 29, 2026, according to CoinMarketCap, USDU is priced at $1.00 with a fully diluted market cap of $10.01 billion.