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About USDu
Analysis of 4 Jun 2026USDU is the UAE's first Central Bank-registered USD-backed stablecoin, launched on January 29, 2026 by Abu Dhabi-based Universal Digital Intl Limited and regulated as a Foreign Payment Token under the Payment Token Services Regulation by the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA). USDU remains the only U.S. dollar stablecoin formally registered under the CBUAE's payment token regime, while global stablecoins such as Tether's USDT and Circle's USDC lack registration under the central bank's framework.
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Fully backed 1:1 with US dollars held in safeguarded onshore accounts at Emirates NBD and Mashreq, with Mbank as strategic corporate banking partner, USDU added real-time cryptographic reserve verification in May 2026 through partnerships with Brevis-ZK and Primus Labs, enabling users to verify on-chain reserves, CEX collateral for hedge positions, and the backing ratio through zero-knowledge proofs of authenticated TLS sessions. In May 2026, Universal Digital and AE Coin announced a regulated AED-USD digital conversion framework powered by Al Maryah Community Bank, with initial access through Changer.ae (FSRA-regulated custodian) and Aquanow (VARA-licensed Broker-Dealer).
The stablecoin operates on the BNB Smart Chain with a market cap of approximately $75.5M as of June 2026.
