Bitcoin.com Integrates USDU, Bringing the UAE’s First CBUAE-Registered USD Stablecoin to Millions of Wallet Users

Bitcoin.com volition integrate USDU, the archetypal USD-backed stablecoin registered with the Central Bank of the UAE arsenic a Foreign Payment Token, into the self-custodial Bitcoin.com Wallet, giving users a Stablecoin whose backing they don’t person to instrumentality connected faith. USDU is issued by Universal nether the regularisation of the Financial Services Regulatory Authority (FSRA) successful the Abu Dhabi Global Market arsenic a Fiat-Referenced Token, and is the archetypal and presently lone registered Foreign Payment Token nether the Central Bank of the UAE’s Payment Token Services Regulation. Every USDU is backed 1:1 by liquid USD reserves held with regulated UAE banks. These reserves are independently attested each period by a third-party accounting firm, with the reports published connected Universal’s website truthful users tin verify the figures themselves.What this means for radical utilizing the Bitcoin.com Wallet:

• Hold dollars connected your ain terms. USDU (ERC-20 connected Ethereum) volition beryllium supported successful the web and mobile wallet. Hold, send, and person it self-custodially, with your keys and your funds nether your control, and the issuer’s reserves published monthly.
• Send worth without borders. Receive USDU from anyone, anyplace it’s available: a unchangeable portion for saving, invoicing, oregon moving wealth betwixt apps and wallets.
• Pay with it. Bitcoin.com volition judge USDU arsenic outgo for designated Bitcoin.com services, and volition enactment to alteration USDU payments betwixt users and merchants crossed its products.
• Understand what you’re holding. In-wallet “Learn-to-Earn” contented and a stablecoin acquisition bid volition explicate however fiat-backed tokens work, what reserve attestations mean, and however regulated issuance differs from the alternatives.

Swap and buy/sell functionality volition travel arsenic third-party supplier enactment becomes available. Availability of USDU and related features varies by jurisdiction.

Corbin Fraser, Bitcoin.com CEO: “People shouldn’t request to beryllium forensic accountants to cognize what backs the stablecoin they hold. USDU’s registration with the UAE cardinal slope and monthly attested 1:1 reserves mean users tin verify the backing alternatively of trusting a logo. That’s the modular we privation our wallet users to expect.”

“Good standards lone substance if radical tin really usage them. Bringing USDU to the Bitcoin.com Wallet combines self-custody with what users should expect from a stablecoin: wide regulatory status, 1:1 backing by liquid USD reserves held with regulated UAE banks whose identities are publically disclosed, and monthly autarkic attestations they tin cheque for themselves,” said Juha Viitala, Senior Executive Officer astatine Universal.USDU’s astute declaration has been independently audited by Certik, and organisation is provided by Aquanow, a VARA-licensed virtual plus work provider.

About Bitcoin.com — Bitcoin.com is simply a starring planetary cryptocurrency level comprising the news.bitcoin.com publication, the self-custodial Bitcoin.com Wallet, and related products and services utilized by millions of individuals and merchants worldwide.

About Universal— Universal Digital Intl Limited (“Universal”) is established successful ADGM and regulated by the FSRA to behaviour the regulated enactment of issuing a Fiat-Referenced Token to Professional Clients only. Universal is besides a Registered Foreign Payment Token Issuer with the CBUAE nether the PTSR and is the issuer of USDU, a afloat USD-backed stablecoin and a Registered Foreign Payment Token by the CBUAE. USDU whitethorn beryllium utilized arsenic a means of Payment for the acquisition of Digital Assets and Digital Assets Derivatives successful the UAE. USDU whitethorn not beryllium utilized for wide outgo purposes successful the mainland UAE (i.e. UAE home payments).

Committed to pioneering secure, transparent, and afloat regulated integer assets, Universal drives innovation wrong the UAE’s expanding integer plus ecosystem done trusted institutional-grade solutions.

This connection is for accusation purposes and is intended for Professional Clients only. Under nary circumstances shall this connection beryllium deemed oregon construed arsenic a nonstop oregon indirect connection to merchantability oregon a solicitation of an connection to acquisition oregon subscribe for immoderate securities oregon immoderate connection to merchantability immoderate product.

www.universal.ae

Media contacts — Universal: [[email protected]]

This announcement is for informational purposes lone and does not represent investment, legal, oregon taxation advice, oregon an connection oregon solicitation to bargain immoderate integer asset. USDU is issued for eligible marketplace participants / Professional Clients arsenic defined nether the FSRA Conduct of Business Rules and is not intended for wide home Dirham-denominated outgo usage successful mainland UAE. Availability of USDU and related wallet features varies by jurisdiction.

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