The Central Bank of the UAE officially approves the launch of USDU, the country’s first centralized U.S. dollar–pegged stablecoin integrated into the national legal framework. The token is classified as a “Foreign Payment Token,” providing a regulated and lawful instrument for U.S. dollar–based digital asset settlements.
USDU will be issued by Universal Digital Intl Limited and fully backed 1:1 by U.S. dollars. The reserves will be held in secure on-shore accounts at major UAE banks, including Emirates NBD, Mashreq, and Mbank, with independent monthly auditor attestations.
The approval marks a significant step in the UAE’s digital finance strategy, positioning the country as a regulated hub for stablecoin usage and cross-border digital payments tied to the U.S. dollar.