Bitcoin.com Wallet Integrates USDU, the UAE’s First CBUAE-Registered USD Stablecoin

According to Huoxing Finance, the cryptocurrency platform Bitcoin.com has announced it will integrate USDU into its self-custody Bitcoin.com Wallet, making it available to millions of wallet users. USDU, issued by Universal Digital Intl Limited (Universal), is the first U.S. dollar stablecoin registered by the Central Bank of the United Arab Emirates (CBUAE) as a foreign payment token. USDU is an Ethereum ERC-20 token, with each token fully backed on a 1:1 basis by liquid U.S. dollar reserves held in regulated banks in the UAE. These reserves are independently audited monthly by a third-party accounting firm, with reports published on Universal’s official website. The web and mobile versions of Bitcoin.com Wallet will support self-custody, sending, and receiving of USDU. Bitcoin.com will accept USDU for designated services and plans to enable peer-to-peer payments between users and merchants within its ecosystem. The wallet will also offer stablecoin education and Learn-to-Earn content. Trading and exchange functionalities will be available once supported by third-party service providers, with availability varying by jurisdiction.