UAE just launched its first central bank-approved dollar stablecoin. 😊

Not Tether. Not Circle. A local player called Universal Digital got the official green light to issue USDU for regulated digital asset settlements.

Reserves sit with Emirates NBD, Mashreq, and Mbank. Token's registered under Payment Token Services Regulation, meaning institutions in UAE can now legally settle crypto and derivatives trades with it. Whether anyone actually uses it over USDT is the real question, but the regulatory box is checked.

Happy adoption! It's real!☺️

$BULLA $GWEI $SENT

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#FedHoldsRates #GoldOnTheRise #WhoIsNextFedChair

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