đŠđȘ UAEâs central bank has approved its first USD-backed stablecoin, USDU. đ”
Issued by Universal Digital and regulated by ADGMâs FSRA, USDU operates under the UAE Central Bankâs Payment Token Services Regulation. The token is backed 1:1 by USD, with reserves held in safeguarded onshore accounts at Emirates NBD, Mashreq, and Mbank đŠ
With Aquanow appointed as a global distribution partner đ for institutional access outside the UAE, USDU is now live and operational within a central-bank payments framework. This move reinforces the UAEâs position as a global hub for compliant digital-asset infrastructure đ
#UAE #Stablecoin #USDU #dubai #DigitalAssets #Web3 #Blockchain #Crypto