Gate News message: On March 30, the USD-backed stablecoin USDU issued by Universal Digital Intl Limited has officially been listed on a CEX. USDU is the first offshore payment token regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), and it also 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 onshore payment settlement of digital assets and digital asset derivatives, but it cannot be used for everyday fiat payments in the UAE—only AED-backed stablecoins are recognized by the Central Bank of the UAE as legal tender. Universal said this listing is part of its global expansion strategy, aiming to promote the broad adoption of regulated dollar-settling stablecoins in the digital asset market and to provide support for the development of institutional-grade digital asset infrastructure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
