Liv Adds USDU Stablecoin to Its UAE Digital Banking App
Emirates NBD's digital bank Liv is integrating USDU, a dollar-backed stablecoin registered with the UAE central bank, working with Universal and Aqua Now.
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giftdetect· the right gift in minutesLiv, the digital banking brand of Emirates NBD, is integrating the USDU stablecoin into its digital services, the company said. The move is a joint effort with Universal Digital International and Aqua Now Middle East.
According to the announcement, USDU is a US dollar-backed stablecoin registered with the Central Bank of the UAE under its Payment Token Services Regulation. Universal issues the token, while Aqua Now provides the digital asset infrastructure, handles distribution and supplies crypto trading through the Liv X app.
Reserves and transparency
The company says USDU is pegged to the dollar and backed one-to-one by actual dollar reserves held at UAE banks. Those reserves are verified through monthly statements that are made available to the public.
Aqua Now supplies the digital asset channels and liquidity that support USDU distribution and the crypto trading services in Liv X, while Universal provides the central bank-registered token itself.
Why it matters
The step follows the launch of crypto trading in Liv X in 2025. The stated aim is to widen the digital asset offering and let customers manage traditional banking and digital asset wallets in a single environment.
Rohit Garg, head of retail products and chief digital officer for retail banking and wealth management at Emirates NBD Group, said integrating USDU expands the group's digital asset capabilities and gives customers access to them through the banking app they use every day.
The initiative also comes with a promotion: trading without fees for three months.
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