UAE launches Central Bank‑registered US dollar stablecoin USDU
UAE has registered its first Central Bank‑approved US dollar stablecoin, USDU, with reserves held onshore and monthly attestations. This could remove cross‑border friction by letting institutions settle in USD digitally, potentially drawing conservative banks and sovereign funds that want clearer regulation. The move signals the UAE’s push to be a global financial infrastructure hub, though real adoption will depend on due diligence, integration and actual usage.
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