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Abu Dhabi firm launches first UAE-registered US dollar stablecoin

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Abu Dhabi firm launches first UAE-registered US dollar stablecoin

Abu Dhabi-based Universal Digital has launched USDU, the first US dollar-backed stablecoin officially registered by the UAE Central Bank under its Payment Token Services Regulation. This development marks a significant milestone in the UAE's cryptocurrency landscape, enhancing the region's digital finance offerings.

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Source: CoinTelegraph · Report an issue

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