UAE Central Bank Approves First Dollar-Pegged Stablecoin USDU
The Central Bank of the United Arab Emirates has granted regulatory approval to USDU, marking the nation's first licensed dollar-pegged stablecoin. Universal Digital will issue the token under supervision by Abu Dhabi's Financial Services Regulatory Authority, with operational safeguards ensuring institutional-grade transparency.
This milestone reflects the UAE's strategic push into regulated digital finance. Mbank's participation as banking partner signals traditional finance integration, while the Payment Token Services Regulation provides a compliance framework for tokenized payments. Market observers note the MOVE could accelerate Middle Eastern institutional crypto adoption.