According to Mars Finance, USDU, a USD-backed stablecoin issued by Universal Digital Intl Limited, has been officially listed on the cryptocurrency exchange Crypto.com. USDU is the first offshore payment token regulated by the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) and also holds an offshore payment token issuance license from the Central Bank of the UAE. As a registered offshore payment token, USDU can be used for domestic payment settlement of digital assets and digital asset derivatives, but not for everyday fiat currency payments in the UAE—the Central Bank of the UAE only recognizes AED-backed stablecoins as legal tender. Universal stated that this listing is part of its global expansion strategy, aiming to promote the widespread adoption of regulated USD-settled stablecoins in the digital asset market and support the development of institutional-grade digital asset infrastructure.
USDU, a regulated stablecoin from the UAE, has been listed. Crypto.com
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
