UAE Approves Its First USD-Backed Stablecoin Under Central Bank Oversight
The United Arab Emirates has officially approved its first U.S. dollar–backed stablecoin, marking a major milestone in the country’s digital finance strategy. The Central Bank of the UAE has given regulatory clearance to USDU, a stablecoin pegged 1:1 to the U.S. dollar and issued under full regulatory supervision, not within a pilot or sandbox environment, …
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