Bitcoin.com Integrates UAE-Backed Stablecoin USDU into Wallet
Bitcoin.com has integrated USDU, the UAE's first US dollar-backed stablecoin registered with the Central Bank of the UAE, into its self-custodial wallet on web and mobile. This marks USDU's first major retail distribution, expanding its use beyond institutional clients.
USDU is backed 1:1 by US dollar reserves held in major UAE banks and operates under strict regulatory oversight.
BTC price surged past $68,000 following a breakout above key resistance levels, triggering a short squeeze that liquidated over $1 billion in crypto shorts within an hour.