The UAE’s crypto industry has reached a major milestone, as the central bank approved its first dollar-backed stablecoin, USDU. On Thursday, the Central Bank of the United Arab Emirates (CBUAE) gave a green signal for the launch of USDU, a stablecoin backed 1:1 by the US dollar. UAE Launches First USD-Backed Stablecoin According to the
The post UAE Approves Nation’s First Dollar-Pegged Stablecoin USDU appeared first on CoinGape.
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