UAE Follows Tether, Fidelity With Central Bank-Approved Stablecoin Launch

Universal Digital Intl Limited on Thursday launched USDU, the UAE's first central bank-approved stablecoin that puts it in direct competition with Circle's (NYSE:CRCL) USDC (CRYPTO: USDC). How USDU Works This make Universal Digital the first company registered by the Central Bank of the UAE to issue a Foreign Payment Token, The Block reported.

Source: benzinga.com

Related symbols: STABLEUSD