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UAE Central Bank Approves First Dollar-Pegged Stablecoin USDU

UAE Central Bank Approves First Dollar-Pegged Stablecoin USDU

Published:
2026-01-29 12:41:01
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BTCCSquare news:

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.

|Square

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