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USDU, Regulated Stablecoin from UAE, Launches on Crypto.com
On March 30, the USD-backed stablecoin USDU, issued by Universal Digital Intl Limited, officially launched on the cryptocurrency exchange Crypto.com. USDU is the first offshore payment token regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and holds an offshore payment token issuance license from the Central Bank of the UAE. As a registered offshore payment token, USDU can be used for domestic payment settlements of digital assets and digital asset derivatives, but it cannot be used for everyday fiat payment scenarios in the UAE—only AED-backed stablecoins are recognized as legal tender by the Central Bank of the UAE. Universal stated that this launch is part of its global expansion strategy, aimed at promoting the widespread use of regulated USD settlement stablecoins in the digital asset market and supporting the construction of institutional-level digital asset infrastructure.