Bitcoin.com integrates UAE-registered US dollar stablecoin into self-custodial wallet

The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels.

Bitcoin.com is integrating USDU, a US dollar-backed stablecoin registered with the Central Bank of the UAE, into its self-custodial web and mobile wallet.

USDU is issued by Abu Dhabi-based Universal Digital and is the first and currently only Foreign Payment Token registered under the UAE central bank’s Payment Token Services Regulation. Universal is also regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority to issue fiat-referenced tokens. 

According to Wednesday’s announcement, the Ethereum-based stablecoin will be available for users to hold, send and receive through the wallet, while swap and buy-and-sell functionality is expected to be added later through third-party providers.

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Source: https://cointelegraph.com/news/bitcoincom-integrates-uae-registered-usdu-stablecoin-into-self-custodial-wallet?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound