UAE-registered | Crypto

The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels. Bitcoin.com is integrating USDU, a US dollar-backed stablecoin registered with the Central Bank of the UAE, into its self-custodial web and mobile wallet. USDU is issued by Abu Dhabi-based Universal Digital and is the first and currently only Foreign Payment Token registered under the UAE central bank’s Payment Token Services Regulation. Universal is also regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority to issue fiat-referenced tokens.  According to Wednesday’s announcement, the Ethereum-based stablecoin will be available for users to hold, send and receive through the wallet, while swap and buy-and-sell functionality is expected to be added later through third-party providers. Read more

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), the company said. 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. Juha Viitala, a senior executive officer of Universal, told Cointelegraph that the PTSR had allowed 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. Read more