Universal Digital International Limited announced on Thursday the launch of USDU, a U.S. dollar-backed stablecoin. Universal explained that the rules require settling digital-asset and derivatives transactions in either fiat currency or a Registered Foreign Payment Token. Therefore, USDU now gives institutions a clear and compliant way to handle settlements. “USDU sets a new benchmark for regulated digital value,” stated Juha Viitala. “Being the first Foreign Payment Token registered by the UAE Central Bank … gives institutions the clarity and confidence they have been waiting for.