The United Arab Emirates has taken a decisive step toward regulated digital finance after its central bank approved USDU, the country’s first US dollar–backed stablecoin. The approval was granted under the Central Bank of the UAE’s Payment Token Services Regulation (PTSR), formally bringing a dollar-denominated stablecoin into a central bank–led payments regime.
The move places the UAE among the earliest major financial jurisdictions to regulate a USD stablecoin directly within its national payments infrastructure, reinforcing its ambition to…
