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Universal Digital Intl Limited Launches USDU, a UAE-Regulated Dollar-Backed Stablecoin

The company launched USDU on March 30, identifying it as a U.S. dollar-backed stablecoin under regulation in the United Arab Emirates.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • Dollar-backed stablecoin: A stablecoin backed by reserves linked to the U.S. dollar, aiming to hold a one-to-one value with the currency.