Universal has launched what it calls the UAE’s first Central Bank-registered US dollar stablecoin, USDU. On paper, this is a serious milestone. Not a flashy crypto announcement, not a meme token with a flag wrapped around it, but a piece of financial plumbing that has quietly been missing.
The Central Bank of the UAE has now registered a foreign payment token that allows compliant US dollar settlement for digital assets. That sounds dry. It is also exactly how real financial power tends to arrive.
To understand why this matters, it helps to look at who has been winning the last 20 years and who has not. The US has compounded innovation into market dominance, while Europe has regulated itself into respectable stagnation.
This is represented by data compiled by the Federal Reserve Economic Data (FRED) in the chart below, which compares the value of $100 invested in US versus Europe
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