UAEs First Central Bank‑Registered US Dollar Stablecoin Launches

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,…