UAE Approves New US Dollar Stablecoin for Digital Payments

The Central Bank of the United Arab Emirates (CBUAE) has officially sanctioned the country’s first U. S. dollar-backed stablecoin, USDU. Issued by Abu Dhabi-based Universal Digital, USDU becomes the first Foreign Payment Token registered under the UAE’s Payment Token Services Regulation (PTSR), establishing a compliant settlement instrument for regulated digital-asset and derivatives activity within the country source: https://www.ethnews.com/uae-approves-new-us-dollar-stablecoin-for-digital-payments/