Universal launches UAE’s first Central Bank-registered USD stablecoin, USDU.
mena-fintech.org •
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Promote with Leviathan NewsTL;DR: Universal has launched USDU, the UAE’s first CBUAE-registered USD-backed stablecoin, approved as a Foreign Payment Token for compliant digital-asset and derivatives settlements. Fully backed 1:1 by USD reserves held with Emirates NBD and Mashreq Bank, and independently attested monthly, USDU is designed for institutional and professional clients only, excluding domestic retail payments. The launch strengthens the UAE’s position as a regulated crypto hub and sets a clear framework for cross-border stablecoin usage across MENA.
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