UAE Stablecoin USDU Approved as First USD Token Under PTSR
This article was first published on The Bit Journal. The UAE stablecoin landscape reached a milestone after the Central Bank of the United Arab Emirates approved the country’s first USD-backed digital token under its Payment Token Services Regulation. The approval confirms the launch of USDU by Universal Digital. It establishes a regulated structure for issuance, custody, and reserve management. The decision reflects the UAE’s move toward supervised digital payment instruments.