BULLISH 📈 : UAE Debuts First Central Bank-Approved Stablecoin USDU

The Central Bank of the United Arab Emirates has approved USDU, the first USD-backed stablecoin in the country. This approval marks a significant step as USDU will operate under the Payment Token Services Regulation.

USDU is backed one-to-one by the US dollar and operates under central bank oversight.
This is the first dollar-denominated stablecoin to receive formal UAE central bank approval.
USDU is now integrated into the regulated payment system rather than functioning outside the banking framework.

Aquanow, a crypto financial services provider, will distribute USDU globally, enhancing institutional access across multiple markets.

Regulatory Structure and Issuance Model

Issued by Universal Digital under the Financial Services Regulatory Authority at Abu Dhabi Global Market.
First Foreign Payment Token Issuer registered by the UAE central bank.
USDU reserves are held fully in US dollars with safeguarded accounts at Emirates NBD and Mashreq.
Backed one-to-one by the US dollar at all times.
Mbank supports Universal Digital as a core corporate banking partner.

Additionally, Dubai Insurance has launched a crypto insurance wallet allowing policyholders to pay premiums and receive claims in digital assets, including stablecoins.

First service of its kind in the UAE insurance market.
Wallet infrastructure provided by Zodia Custody, backed by Standard Chartered.
Focus on institutional security and regulatory alignment.