Overview
- Universal Digital became the first Foreign Payment Token Issuer registered by the central bank, with USDU issued by an FSRA‑regulated ADGM entity.
- USDU reserves are held 1:1 in safeguarded onshore accounts at Emirates NBD and Mashreq with support from Mbank, with monthly attestations in place.
- Under the UAE framework, digital‑asset payments must use fiat or a Registered Foreign Payment Token, and USDU now fills that settlement role.
- Aquanow was appointed as a global distribution partner to facilitate institutional access to USDU in permitted jurisdictions.
- Central‑bank registration provides USDU a settlement status that ADGM‑licensed stablecoins such as USDC do not have in the local market.