AI Financial Corporation (NASDAQ: AIFC) announced the integration of USDU, a U.S. dollar-backed stablecoin, into its transaction processing ecosystem to support regulated digital asset settlement in the United Arab Emirates.

USDU is issued by Universal Digital Intl Limited and is described as the first U.S. dollar-backed stablecoin registered with the Central Bank of the UAE (CBUAE) under its Payment Token Services Regulation (PTSR). Under this framework, digital asset transactions conducted within the UAE may be settled using fiat currency or registered foreign payment tokens that meet applicable regulatory requirements.

Through the integration, AI Financial's platforms will support on- and off-ramping, real-time conversion, and settlement capabilities involving USDU for institutional and enterprise clients, including financial institutions, fintechs, payment service providers, and enterprises operating in or transacting with the UAE market.

"By integrating USDU into our infrastructure, we are expanding the range of compliant settlement options available to our clients and strengthening our ability to support institutional digital asset activity in the region," said Tony Isaac, President and CEO of AI Financial Corporation.

Juha Viitala, Senior Executive Officer of Universal Digital Intl Limited, said USDU "was designed to provide institutions with a regulated and transparent USD-denominated settlement infrastructure aligned with the UAE's evolving financial ecosystem."

According to the company, AI Financial's infrastructure has processed more than $8 billion in cumulative transaction volume since inception. The company is headquartered in Las Vegas, NV, with operations in Abu Dhabi, UAE. Universal Digital Intl Limited is established in ADGM and regulated by the FSRA. The information in this article is based on a press release from AI Financial Corporation.