Bitcoin.com Integrates UAE-Registered Stablecoin into Wallet

Bitcoin.com has partnered with Universal Digital Intl Limited to bring USDU, a UAE-registered stablecoin, to its wallet users. The partnership will see the integration of USDU into the Bitcoin.com Wallet and enable users to hold, send, and receive the asset.

The USDU stablecoin is issued by Universal under the regulation of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). Each USDU is backed 1:1 by liquid USD reserves held with regulated UAE banks and subject to monthly independent reserve attestations.

Corbin Fraser, Chief Executive Officer of Bitcoin.com, said, “Regulation has become the defining question for stablecoins. 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.”