LATEST: 🇦🇪 Abu Dhabi's Universal Digital launched USDU, the first USD stablecoin registered by the UAE's central bank, with reserves backed 1:1 by US dollars held at the Emirates NBD and Mashreq banks. https://t.co/YoTQJf1iiN ...

Core Insights - Universal launched USDU, the first USD-backed stablecoin registered by the UAE's central bank, amidst a global push for clearer regulations on stablecoins [1][2] - The approval of USDU by the UAE central bank signifies a move towards trust in digital currencies, as it allows for legal use in the UAE's financial system [1][4] Group 1: USDU Overview - USDU is a digital token designed to maintain a value close to $1, functioning like a digital cashier's check on blockchains [2] - It is issued by Universal Digital Intl Limited, regulated in Abu Dhabi, and registered as a "Foreign Payment Token" for institutional use in digital-asset trades [2][3] Group 2: Regulatory Context - UAE regulations require crypto payments and derivatives to be settled in fiat currency or an approved token, which USDU now satisfies [3] - The UAE aims to position itself as a regulated crypto hub, adopting stablecoins with tighter oversight compared to other regions [5] Group 3: Trust and Compliance - Universal claims that USDU holds dollars 1:1 in onshore UAE bank accounts, with monthly attestations to ensure trust in reserves [4][5] - This model is similar to how other large stablecoin issuers explain their reserve strategies, enhancing user confidence [4][5] Group 4: Target Market and Use Cases - USDU is targeted at banks, exchanges, and large trading desks, focusing on compliance rather than speculative trading [6] - Aquanow serves as the global distribution partner, facilitating conversions between USDU and local currencies, supporting domestic settlements [6]

Core Insights - The Central Bank of the United Arab Emirates has approved USDU, the first USD-backed stablecoin in the country, under the Payment Token Services Regulation [1][2] - USDU is now part of the regulated payment system in the UAE, ensuring it operates within the banking framework [2] - Universal Digital has become the first Foreign Payment Token Issuer registered by the UAE central bank, managing and issuing USDU [3][4] Regulatory Structure and Issuance Model - USDU is issued and managed by Universal Digital, operating under the Financial Services Regulatory Authority at Abu Dhabi Global Market [3] - The stablecoin is backed one-to-one by US dollars, with reserves held in safeguarded on-shore accounts at Emirates NBD and Mashreq [4] - The regulatory framework provides legal clarity on issuance, custody, and reserve handling for USDU [4] Institutional Interest and Market Maturation - There is growing institutional interest in regulated digital-value instruments, with USDU's introduction seen as a timely step for market maturation [5] Parallel Developments in Crypto Use - Dubai Insurance has launched a crypto insurance wallet, allowing policyholders to pay premiums and receive claims in digital assets, including stablecoins [6] - The wallet operates on infrastructure from Zodia Custody, focusing on institutional security and regulatory alignment [7]

🚨JUST IN: UAE APPROVES FIRST USD STABLECOIN- Abu Dhabi-based Universal Digital has launched $USDU.- It is the first US dollar-backed stablecoin registered by the UAE central bank.- The approval comes under the Payment Token Services Regulation https://t.co/NIse2KNjbE ...

RT Xverse - The Home of BitcoinFi (@xverse)ICYMI, YOU CAN SWAP $STRK, USDC, ETH, LBTC, USDU, BROTHER, SCHIZODIO...LITERALLY ANY @STARKNET TOKEN ON XVERSE, POWERED BY @AVNU_FI. https://t.co/FMRvGYMF2C ...

RT Uncap (@uncapfinance)The promise of BTCFi has been capital efficiency without compromise. Uncap is making it a reality.Uncap is joining the @Starknet BTCFi Season to build the core liquidity engine for Bitcoin.For the next 5+ months, put your assets to work:• Deposit $BTC to earn an additional $STRK yield.• Borrow $USDU and receive $STRK rebates, creating the most cost-effective credit line for your Bitcoin.Rewards are claimable every Friday on Uncap. The new standard for BTC utility begins now ↓ ...

RT Antoine sparenberg (@asparenb)@UncapFinance is a dual-product protocolFirst: it's a borrowing protocolDeposit BTC, borrow USDU against it at an interest rate YOU control. ...

RT Uncap (@uncapfinance)Uncap launched 3 weeks ago and has consistently had one of the lowest average interest rates for borrowing stablecoins.You can borrow $USDU starting at 0.5% or delegate the management of your interest rates to @TelosConsilium for an optimal rate.Do more with your Bitcoin ↓ https://t.co/e6BM6ePUUd ...

RT Opus (@OpusMoney)Same theory applies to the @Starknet stablecoin ecosystem.$USDC fuels value for TradFi, T-bills, and other centralized assets.But decentralized stables fuel value for $BTC, $ETH, and the broader crypto economy.1️⃣ $CASH (by Opus): A multi-collateral-backed stablecoin powered by ETH, wBTC, and other crypto assets.2️⃣ $USDU (by @uncapfinance): A Liquity fork built for BTC collateral.By holding DeFi-native stables, you’re not just parking liquidity; you’re powering the growth of permissionl ...

Tokenomics - Uncap Finance points are now active [1] - A total of 21 million points will ever exist [1] Earning Opportunities - Users can earn points by opening a position [1] - Users can earn points by minting $USDU [1] - Users can earn points by providing liquidity to the USDU/USDC pool [1] - Users can earn points by depositing into the stability pool [1] Season - Season 1 has started [1]