UAE Central Bank Archives

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January 30, 2026 2:29 PM

UAE central bank approves first USD-backed stablecoin

The Central Bank of the United Arab Emirates has approved the country’s first USD-backed stablecoin, marking a key step in the regulation of digital assets and payment tokens in the UAE. The USDU stablecoin has been approved under the central ba...

July 24, 2025 11:25 AM

UAE Central Bank mandates phase-out of SMS and email OTP authentication by March 2026

The Central Bank of the United Arab Emirates (CBUAE) has issued a directive requiring all financial institutions to eliminate SMS and email-based one-time password (OTP) authentication for customer transactions by March 31, 2026. This move, aimed at ...

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Last updated on: 3rd March 2026