Abu Dhabi firm launches first UAE-registered US dollar stablecoin
Abu Dhabi’s Universal Digital has launched USDU, the first US dollar‑backed stablecoin registered by the UAE central bank under its Payment Token Services Regulation.
Abu Dhabi–based Universal Digital has launched USDU, the first US dollar‑backed stablecoin to be registered by the Central Bank of the United Arab Emirates (CBUAE) as a Foreign Payment Token under the Payment Token Services Regulation (PTSR).
According to a release shared with Cointelegraph, the registration makes Universal the UAE’s first Foreign Payment Token Issuer and creates a clear, regulated US dollar‑denominated settlement option for digital assets in the UAE.
A spokesperson from Universal told Cointelegraph that the PTSR had given a transition period for payment token issuers to become PTSR-compliant and that, among all the USD stablecoins, USDU was the first to obtain such registration.
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