Bitcoin.com said it will add support for USDU, a U.S. dollar-backed stablecoin, to its self-custodial wallet for web and mobile users. The company described USDU as the first and currently only Foreign Payment Token registered with the Central Bank of the UAE under the country’s Payment Token Services Regulation.
USDU is issued by Universal in Abu Dhabi Global Market under the Financial Services Regulatory Authority regime as a Fiat-Referenced Token. According to the announcement, each token is backed 1:1 by liquid U.S. dollar reserves held with regulated banks in the UAE, and those reserves are attested monthly by an independent accounting firm, with reports published on Universal’s website.
Wallet support and initial rollout
The integration will bring USDU into the Bitcoin.com Wallet as an ERC-20 token on Ethereum. Users of the self-custodial app are expected to be able to hold, send, and receive the stablecoin while retaining control of their own keys.
Bitcoin.com framed the addition as a way to offer access to a dollar-linked token with disclosed reserve reporting. The company said availability of USDU and related features will depend on jurisdiction.
How Bitcoin.com plans to use USDU
Beyond wallet support, Bitcoin.com said it plans to accept USDU as payment for designated services. It also said it will work toward enabling USDU payments between users and merchants across its products.
Some trading-related functions will not be available immediately. Swap and buy or sell features are planned for a later stage, once third-party provider support is in place.
Issuer structure and reserve claims
Universal issues USDU under the FSRA framework in ADGM, while the token also holds registration with the Central Bank of the UAE as a Foreign Payment Token, according to the announcement. Bitcoin.com said that status makes it the first such registered token in the UAE and, at present, the only one.
The reserve model described in the release is straightforward: every USDU is claimed to be fully backed by liquid U.S. dollar reserves on a one-to-one basis. Those funds are said to be held with regulated UAE banks, and the issuer publishes monthly third-party attestation reports intended to let holders verify the reported reserve figures.
Education and next steps
Bitcoin.com also said it will add in-wallet educational material tied to USDU, including Learn-to-Earn content and a broader stablecoin explainer series. The company said this material will cover how fiat-backed tokens work, what reserve attestations are meant to show, and how regulated issuance differs from other models.
The next confirmed steps are limited but clear: core wallet support comes first, Bitcoin.com plans to accept USDU for selected services, and broader swap and buy or sell functionality will follow only if outside service providers add support.
Source: news.bitcoin.com