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tldr; Abu Dhabi-based Universal Digital has launched USDU, the first US dollar-backed stablecoin registered by the UAE Central Bank under the Payment Token Services Regulation (PTSR). USDU is designed for institutional use, fully backed 1:1 by US dollars in safeguarded accounts, and issued as an ERC-20 token on Ethereum. It provides a regulated settlement option for digital assets in the UAE, with dual oversight from Abu Dhabi Global Market and the UAE Central Bank, ensuring compliance and operational controls. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.