UAE Central Bank Approves First USD-Backed Stablecoin, USDU

The Central Bank of the United Arab Emirates (CBUAE) has granted regulatory approval for the nation’s first USD-backed stablecoin, USDU. Formalizing its status within the country’s digital asset payments framework. The token, issued by Universal Digital International Limited, is now registered under the CBUAE’s Payment Token Services Regulation (PTSR) source: https://www.techgaged.com/uae-central-bank-approves-first-usd-backed-stablecoin-usdu/