Universal launched USDU, the first USD‑backed stablecoin registered by the UAE’s central bank. The news did not move crypto prices overnight, but it landed during a global push to bring stablecoins under clear rules. Regulators want digital dollars that behave more like bank money and less like experiments. For everyday users, this story is about trust. A government regulator is now signing off on a crypto dollar for use in the UAE’s financial system. DISCOVER: Top 20 Crypto to Buy in 2026 What Exactly ...

The Central Bank of the United Arab Emirates has approved USDU, the country’s first USD-backed stablecoin. The approval came on Thursday under the Payment Token Services Regulation. Notably, the stablecoin is backed one-to-one by the US dollar and operates under direct central bank oversight. This is the first time a dollar-denominated stablecoin has received formal approval from the UAE central bank. The token is now part of the country’s regulated payment system rather than sitting outside the banking f ...