The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it creates distribution outside institutional channels.
Bitcoin.com is integrating USDU, a US dollar-backed stablecoin registered with the UAE Central Bank, into its self-custodial web and mobile wallets.
USDU is issued by Abu Dhabi-based Universal Digital and is the first and currently the only foreign payment token registered under the UAE Central Bank’s Payment Token Services Regulations. Universal is also regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market to issue fiat-referenced tokens.
According to Wednesday’s announcement, the Ethereum-based stablecoin will be available for users to hold, send and receive through wallets, while swapping and buying and selling functionality is expected to be added later through third-party providers.
Read more
