LAS VEGAS AND ABU DHABI - AI Financial Corporation (NASDAQ:AIFC) announced today the integration of USDU into its transaction processing ecosystem, according to a press release statement.
USDU is a U.S. dollar-backed stablecoin issued by Universal Digital Intl Limited and registered with the Central Bank of the UAE under its Payment Token Services Regulation. The Central Bank of the UAE identifies USDU as the first U.S. dollar-backed stablecoin registered under this framework.
The integration enables AI Financial’s platforms to support USDU settlement capabilities for institutional and enterprise clients operating in or transacting with the UAE market. The stablecoin can be used for settlement of digital asset transactions and digital asset derivative transactions conducted within the UAE under the CBUAE’s regulatory framework.
AI Financial’s platforms will support on- and off-ramping, real-time conversion, and settlement capabilities involving USDU alongside supported fiat currencies and digital assets.
"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, stated that USDU was designed to provide institutions with regulated USD-denominated settlement infrastructure aligned with the UAE’s financial ecosystem.
AI Financial Corporation provides payments, trading, and settlement infrastructure for digital assets. The company reports processing more than $8 billion in cumulative transaction volume since inception. With a market capitalization of $88.43 million and revenue of $24.7 million over the last twelve months, the company has shown 47.6% revenue growth despite facing profitability challenges. InvestingPro analysis indicates the stock is undervalued based on its Fair Value assessment, though the company is quickly burning through cash. Investors can access 15 additional ProTips and comprehensive financial metrics on InvestingPro, including detailed health scores and peer comparisons.
Universal Digital Intl Limited is established in Abu Dhabi Global Market and regulated by the Financial Services Regulatory Authority. The company is registered as a Foreign Payment Token Issuer with the CBUAE under the Payment Token Services Regulation.
In other recent news, AI Financial Corporation disclosed its holdings of WLFI tokens valued at approximately $380 million. The company stated that around half of these tokens, worth over $180 million, are currently available for collateral, staking, or lending transactions. Additionally, AI Financial completed its acquisition of Block Street Corp., a platform supporting token issuances and real-world asset tokenization. This acquisition marks an expansion of the company’s payment processing infrastructure into tokenized capital formation.
In related developments, ALT5 Sigma Corp, which plans to rebrand as AI Financial, announced that Tony Isaac has been appointed as CEO. His employment agreement includes a three-year term and a base salary of $600,000, with potential annual bonuses. The company also revealed agreements to acquire Block Street Corp. and Decentralized Technologies Inc., issuing shares and warrants as part of these transactions. The rebranding to AI Financial and the change of ticker symbol to AIFC reflect the company’s strategic alignment with digital infrastructure and artificial intelligence advancements.
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