Universal expands USDU stablecoin to Solana with UAE-regulated issuance and 1:1 backing
- —USDU is the first dollar-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token
- —Reserves back USDU 1:1, with independent attestations published monthly
- —Aquanow will provide distribution and institutional access across supported markets
- —In the UAE, USDU is permitted for digital asset payments but excluded from general mainland domestic payments
Why it matters: A UAE-regulated dollar stablecoin is landing on one of the most active networks for on-chain payments, intensifying competition for institutional settlement.
Source: crypto.news