Bitcoin.com integrates UAE-registered US dollar stablecoin into self-custodial wallet

Bitcoin.com has incorporated the USDU stablecoin, issued by a UAE-registered entity, into its self-custodial wallet service. This move expands the wallet's capabilities beyond institutional channels and allows users to hold, send, and receive the USDU stablecoin directly. USDU is the UAE's first central bank-registered US dollar stablecoin and is issued by Abu Dhabi-based Universal Digital.

It holds the distinction of being the first and only Foreign Payment Token registered under the UAE's Payment Token Services Regulation. While the integration allows for USDU transactions within the wallet, Bitcoin.com plans to incorporate swap and buy-and-sell functionalities through third-party providers in the future. The move also signals Bitcoin.com's intention to accept USDU for specific services and enable user-to-user and user-to-merchant transactions across its product range, although such availability may vary depending on the jurisdiction.

USDU's launch in January was part of a broader strategy to extend USDU's distribution, with Zodia Custody adding support for the stablecoin in July, and a USDT-USDU liquidity pool launching on Uniswap in August to provide decentralized liquidity for the token.