Bitcoin.com Integrates UAE-Regulated USDU Stablecoin into Self-Custodial Wallet
Bitcoin.com has integrated the UAE-regulated USDU stablecoin into its self-custodial wallet, giving users access to a dollar-backed stablecoin with monthly reserve attestations.
The integration brings regulated dollar reserves into self-custody, allowing users to hold and transfer USDU without handing custody over to the wallet provider.
USDU is issued by Universal Digital Intl. Limited, an Abu Dhabi Global Market-based company regulated by the Financial Services Regulatory Authority for issuing Fiat-Referenced Tokens to professional clients.
Each USDU is backed 1:1 by liquid U.S. dollar reserves held with regulated UAE banks, according to Universal.
The reserve structure was an important part of choosing USDU for the wallet, said Bitcoin.com CEO Corbin Fraser.