UAE Regulated USD Backed stablecoin USDU now on Solana
The Universal Digital Intl Limited stablecoin, USDU, USD backed stablecoin, the first foreign payment token regulated by the Abu Dhabi Financial Services Regulatory Authority ( FSRA) in ADGM is coming to Solana to expand regulated settlement liquidity across one of the leading blockchain networks, payments, and on-chain financial markets.
USDU is designed for professional and institutional participants seeking a regulated route to USD-denominated digital asset settlement in the UAE and across permitted international markets.
As per the announcement, the integration will allow users to hold and transfer USDU through Solana’s fast, low-cost and always-on network, supporting digital asset settlement, treasury management and other on-chain workflows.
Juha Viitala, Senior Executive Officer noted “By combining USDU’s UAE regulatory framework with Solana’s high-speed, always-on infrastructure, we are giving eligible institutions greater flexibility in how they access, move and deploy digital dollars on-chain.”
Aquanow, USDU’s global distributor, is providing the institutional distribution infrastructure connecting eligible participants with USDU across supported markets.
Prior to this, USDU, went live on global crypto exchange Crypto.com as well as being supported by supported by Zodia Custody, expanding the institutional infrastructure available for holding and transferring regulated USD settlement liquidity.
