UAE Launches Central Bank-Registered USDU Stablecoin
The United Arab Emirates has introduced the UAE USDU stablecoin, a dollar-pegged digital asset officially registered under the Central Bank of the UAE. This MOVE underscores the country's commitment to fostering crypto innovation within a regulated framework.
Issued by Universal Digital Intl Limited, USDU operates under the CBUAE Payment Token Services Regulation as a Foreign Payment Token. The stablecoin is designed for professional digital asset settlements, not retail use, and is positioned within Abu Dhabi Global Market, known for its robust digital asset oversight.
While the central bank does not issue or control USDU, its registration provides legal recognition within the UAE's financial system. This development signals growing institutional adoption of stablecoins in regulated markets.