Universal Digital has launched the UAE's first central bank-approved USD-backed stablecoin, USDU.

The launch comes as Universal Digital becomes the first Foreign Payment Token Issuer registered by the Central Bank of the UAE.

USDU will be registered as a Foreign Payment Token, effectively making it the first live implementation of a central-bank-approved framework for USD-denominated digital settlement, integrating stablecoins directly into a bank-regulated environment.

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