The Central Bank of the UAE has approved Universal Digital to issue the USDU stablecoin.

According to Foresight News , citing The Block, Universal Digital Intl Limited announced the launch of USDU, a US dollar stablecoin, on Thursday. It is the first US dollar stablecoin approved by the United Arab Emirates (UAE). USDU is the first such token registered under the UAE's Payment Token Services Regulations (PTSR) and the first "foreign payment token" registered with the Central Bank of the UAE. The stablecoin is pegged 1:1 to the US dollar, with reserves held by financial institutions such as Emirates NBD, Mbank, and Mashreq. Furthermore, Universal has partnered with Aquanow, regulated by the Dubai Virtual Assets Regulatory Authority (VARA), to integrate USDU into the broader digital asset ecosystem.