Universal Digital's USDU becomes first US dollar stablecoin registered with UAE central bank

Abu Dhabi-based Universal Digital has introduced USDU, a US dollar-backed stablecoin registered by the Central Bank of the United Arab Emirates as a Foreign Payment Token under the Payment Token Services Regulation. The token is issued on Ethereum, fully backed by US dollar reserves held in UAE banks, and is intended for institutional and professional use within the country's regulated digital asset settlement framework.