TechFlow News, March 30: According to Cryptopolitan, USDU—a U.S. dollar-backed stablecoin issued by Universal Digital Intl Limited—has officially launched on the cryptocurrency exchange Crypto.com.
USDU is the first offshore payment token regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) and holds an offshore payment token issuance license from the Central Bank of the United Arab Emirates (CBUAE). As a registered offshore payment token, USDU may be used for domestic payments and settlements involving digital assets and digital asset derivatives; however, it cannot be used for everyday fiat currency payment scenarios in the UAE—the CBUAE recognizes only AED-backed stablecoins as legal tender.
Universal stated that this listing forms part of its global expansion strategy, aiming to promote widespread adoption of regulated U.S. dollar-settled stablecoins across digital asset markets and to support the development of institutional-grade digital asset infrastructure.
