Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
The UAE launched USDU, a regulated, dollar-backed stablecoin for institutional use, backed 1:1 by US dollars in local banks.
The UAE has launched USDU, the first US dollar-backed stablecoin registered under its Payment Token Services Regulation by the Central Bank, making it the only legally permitted dollar stablecoin for digital asset and derivative payments in the country.
Issued by Abu Dhabi-based Universal Digital and regulated by the FSRA, USDU is 1:1 backed by US dollars held in safeguarded onshore accounts at Emirates NBD, Mashreq, and Mbank, with monthly independent audits.
It is designed for institutional and professional use, enabling compliant digital settlements, and is not available for general retail use.
The launch positions the UAE as a global leader in regulated digital finance, with partnerships for global distribution and future cross-token conversions with the UAE dirham stablecoin.
Los Emiratos Árabes Unidos lanzaron USDU, una moneda estable regulada respaldada en dólares para uso institucional, respaldada 1:1 por dólares estadounidenses en bancos locales.