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Crypto & Bitcoin

USDU expands to Solana with UAE-regulated issuance and 1:1 backing

Reported by Lawrence Mondal, crypto.news

Image: crypto.news

Universal has announced the expansion of its dollar-backed USDU stablecoin to Solana, extending its UAE-regulated issuance framework and 1:1 reserve backing to another blockchain for institutional settlement. USDU’s Solana integration will support transfers, digital asset settlement, and institutional treasury management. Universal says dollar reserves back USDU 1:1, with independent attestations published each month. Aquanow will provide distribution and institutional access across supported markets. USDU’s UAE registration permits digital asset payments but excludes general mainland domestic payments.

This is an excerpt. The reporting belongs to crypto.news.

Read the full report on crypto.news
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