🎉 UAE🇦🇪: the Central Bank has approved the launch of USDU, a stablecoin by Universal Digital

🎉 UAE🇦🇪: the Central Bank has approved the launch of USDU, a stablecoin by Universal Digital

While pegged to the US dollar, USDU is not a conventional stablecoin. The asset has been officially registered as a cross-border payment token, positioning Dubai’s USD-based digital settlement system among the few global infrastructures that have already achieved effective, real-world implementation.

🟢 USDU establishes a new benchmark for regulated digital value, underscoring the growing institutional appetitefor compliant, centrally supervised digital financial instruments.

🟢 The reserves backing USDU are maintained on a 1:1 basis, held in segregated and safeguarded accounts at leading financial institutions, including Emirates NBD, Mashreq, and Mbank, reinforcing transparency and financial integrity.

🟢 About Universal Digital: the company is a Canadian investment firm 🇨🇦 that operated under the name Minas Metals Ltd until April 2025. Its core activities focus on digital assets and capital markets, with offerings that include exchange-traded products and blockchain-based treasury bonds. Universal Digital is also the owner and operator of BullWave, a cryptocurrency analytics platform delivered under a SaaS model.

🟢 Outlook: Universal Digital is also collaborating with AECoin, the first licensed stablecoin in the UAE, with the objective of enabling USDU-to-AECoin conversion in the future, facilitating domestic payment use cases within the country.

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