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Cryptocurrency regulation development in the UAE continues to show positive momentum. The Central Bank of the United Arab Emirates recently gave the green light for the launch of USDU, a stablecoin fully backed by the US dollar and developed by Universal Digital.
This approval step reaffirms the UAE's commitment to digital innovation, with Universal Digital operating under the strict supervision of the Abu Dhabi Global Market Financial Services Authority. This green light represents a significant achievement in opening up broader stablecoin adoption opportunities within the UAE cryptocurrency ecosystem, while also strengthening the country's position as a progressive regional fintech hub.