UAE Launches First Regulated Dollar Stablecoin
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Abu Dhabi-based Universal Digital has introduced USDU, marking the first US dollar-backed stablecoin registered under the UAE Central Bank's Payment Token Services Regulation. This development represents a significant step in the institutional adoption of digital assets within the Gulf region, as it provides a regulated, compliant on-ramp for traditional finance into the crypto ecosystem.
The launch signals growing regulatory clarity and institutional confidence in stablecoins as a bridge between fiat and digital economies. It may catalyze further regional adoption, potentially increasing liquidity and reducing volatility in Middle Eastern crypto markets while setting a precedent for other jurisdictions considering similar frameworks.
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