{"id":69874,"date":"2026-01-29T13:31:32","date_gmt":"2026-01-29T13:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=69874"},"modified":"2026-01-29T13:31:32","modified_gmt":"2026-01-29T13:31:32","slug":"uae-follows-tether-fidelity-with-central-bank-approved-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=69874","title":{"rendered":"UAE Follows Tether, Fidelity With Central Bank-Approved Stablecoin Launch"},"content":{"rendered":"<div>\n<p><strong>Universal Digital Intl Limited<\/strong> on Thursday launched <strong>USDU<\/strong>, the UAE\u2019s first central bank-approved stablecoin that puts it in direct competition with <strong>Circle\u2019s <\/strong><a class=\"ticker-link\" data-ticker=\"CRCL\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/CRCL\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/CRCL\">CRCL<\/a>)<strong> USDC<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/USDC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"USDC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>).<\/p>\n<h3 class=\"wp-block-heading\">How USDU Works<\/h3>\n<p>This make Universal Digital the first company registered by the Central Bank of the UAE to issue a Foreign Payment Token, The Block <a href=\"https:\/\/www.theblock.co\/post\/387501\/uae-central-bank-sanctioned-us-dollar-stablecoin-launches-digital-asset-settlement?utm_source=rss\">reported<\/a>.\u00a0<\/p>\n<p>USDU is backed by dollars held in reserve at major UAE banks, such as <strong>Emirates NBD<\/strong>, <strong>Mbank<\/strong>, and <strong>Mashreq<\/strong>.<\/p>\n<p>USDC issuer Circle has a license from Abu Dhabi Global Market in December to operate as &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/50225836\/uae-follows-tether-fidelity-with-central-bank-approved-stablecoin-launch?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"UAE\" follows tether fidelity with central bank-approved stablecoin launch>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Universal Digital Intl Limited on Thursday launched USDU, the UAE\u2019s first central bank-approved stablecoin that puts it in direct competition with Circle\u2019s (NYSE:CRCL) USDC (CRYPTO: USDC). How USDU Works This make Universal Digital the first company registered by the Central Bank of the UAE to issue a Foreign Payment Token, The Block reported.\u00a0 USDU is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-69874","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69874"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/69874\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}