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Tag: Central Bank

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Kazakhstan’s Crypto Reserve Plans Move Further Along As Seized Assets Move To The Central Bank
The National Investment Corporation (NIC) is planning to use seized digital assets to seed the new state reserve.
Kazakhstan has already set aside $350 million in gold and foreign currency to support this change.
The country is building a specialised… Read full article
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UAE Approves Its First USD-Backed Stablecoin Under Central Bank Oversight
The United Arab Emirates has officially approved its first U.S. dollar–backed stablecoin, marking a major milestone in the country’s digital finance strategy.
The Central Bank of the UAE has given regulatory clearance to USDU, a stablecoin pegged 1:1 to the… Read full article
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UAE Approves First Central Bank‑Registered USD Stablecoin
Universal launched USDU, the first USD‑backed stablecoin registered by the UAE’s central bank. The news did not move crypto prices overnight, but it landed during a global push to bring stablecoins under clear rules. Regulators want digital dollars that behave… Read full article
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Universal Launches UAE Central Bank‑Registered USD Stablecoin
Universal announces USDU as the first USD‑backed stablecoin registered by the Central Bank of the United Arab Emirates for compliant digital‑asset settlement. Universal Digital Intl Limited, regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM),… Read full article
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Tether’s Endgame? Ardoino Says It’ll Become A ‘Gold Central Bank’
Tether is rapidly expanding its physical gold footprint, with CEO Paolo Ardoino casting the stablecoin issuer less like a fintech and more like a central bank. “We are soon becoming basically one of the biggest, let’s say, gold central banks… Read full article
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