NewsMeter
Midas Labs, the ecosystem developer behind HKGX-backed GoldZip, has signed a memorandum of understanding with Universal Digital Intl Limited to bridge two of the world's leading real-world asset frameworks.
Universal, the Abu Dhabi Global Market-based issuer of the USDU stablecoin, is regulated by the Financial Services Regulatory Authority.
The deal establishes what the parties are calling an Open Gold-Stablecoin Corridor between their respective jurisdictions.
Parties and Products Universal Digital Intl Limited operates out of the ADGM, one of the Gulf's primary regulated financial free zones, and issues USDU. Midas Labs develops the GoldZip ecosystem, which is backed by HKGX.
Keep reading