USDU stablecoin, regulated in UAE, goes live on Crypto.com

UAE Beats the West to the Punch as First Central Bank-Registered Dollar Stablecoin Goes Live

Key Takeaways USDU is the first USD-backed stablecoin registered by the UAE Central Bank, now live on Crypto.com It operates under dual oversight from ADGM’s FSRA and the CBUAE – restricted to institutional use The UAE is moving faster than the US and EU in establishing clear central bank-approved stablecoin frameworks A global regulatory shift is underway, with the EU, Singapore, Hong Kong, Japan, and the US all formalizing stablecoin rules US…

USDU stablecoin, regulated in UAE, goes live on Crypto.com

The Universal Digital Intl Limited stablecoin, USDU, USD backed stablecoin, the first foreign payment token regulated by the Abu Dhabi Financial Services Regulatory Authority (FSRA) in ADGM, has now gone live on global crypto exchange Crypto.com. As per Universal, the issuer of USDU, this is part of their expansion, allowing access to its regulated USD settlement stablecoin across digital asset markets. When launched, the issuers noted that beyo…