Bitcoin.com integrates UAE-regulated USDU stablecoin into its crypto wallet

Bitcoin.com has partnered with Universal Digital Intl. Limited to add UAE-regulated USDU to its self-custodial wallet, giving users access to a dollar-backed stablecoin with monthly reserve attestations. Summary Bitcoin.com will add USDU to its web and mobile self-custody wallet. USDU is backed 1:1 by liquid dollar reserves held with regulated UAE banks. Universal publishes independent monthly attestations covering USDU’s reserves. Bitcoin.com plans to support USDU payments, with swaps and buy and sell features to follow. Bitcoin.com said USDU will be supported across its web and mobile wallet as an ERC-20 token on Ethereum, allowing users to hold, send, and receive the stablecoin while keeping control of their private keys. The integration brings USDU into a wallet used by millions of users globally and will also allow the token to be used for designated Bitcoin.com services. Bitcoin.com and Universal plan to work on USDU payments between users and merchants across the platform, while swap and buy-and-sell functions are expected once third-party providers add support. USDU is issued by Universal Digital Intl. Limited, an Abu Dhabi Global Market-based company regulated by the Finan...