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

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.

Source: crypto.news