Bitcoin.com Integrates CBUAE-Registered Stablecoin into Wallet Suite

Bitcoin.com and Universal Digital Intl Limited have partnered to bring the CBUAE-registered USDU stablecoin to millions of wallet users. The partnership covers the integration of USDU into the Bitcoin.com product suite, including the self-custodial wallet, and a joint education program on regulated stablecoins.

USDU is issued by Universal under the regulation of the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM) as a Fiat-Referenced Token. It's also the first and currently only registered Foreign Payment Token under the Central Bank of the UAE's Payment Token Services Regulation.

Each USDU is backed 1:1 by liquid USD reserves held with regulated UAE banks and subject to monthly independent reserve attestations. Its smart contract has also been independently audited, while distribution is provided by Aquanow, a VARA-licensed virtual asset service provider.

'Regulation has become the defining question for stablecoins,' said Corbin Fraser, Chief Executive Officer of Bitcoin.com. 'USDU's registration with the UAE central bank and its monthly attested 1:1 reserves are exactly the kind of transparency users and merchants can verify for themselves.'