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Riyadh, Saudi Arabia, November 19, 2025 — Palm Azgar Finance Company, a licensed financial services provider headquartered in Riyadh, today announced on behalf of its British Virgin Islands affiliate the launch of PUSD, a revolutionary stablecoin fully backed by UAE Dirham (AED) and Saudi Riyal (SAR) reserves, maintaining a stable 1:1 peg to the U.S. Dollar.
True financial freedom
PUSD introduces an unprecedented promise in digital finance: your wallet can never be frozen or blacklisted. This permanent freedom, combined with full Shariah compliance, makes PUSD the first truly free global currency that serves everyone, everywhere, always.
Backed by Gulf economic strength
PUSD's reserves are held exclusively in AED and SAR across regulated, Shariah-compliant institutions in the Gulf region. Monthly third-party audits ensure complete transparency and verify that every token is fully backed by actual fiat reserves.
Launching on major exchanges
Coming to leading cryptocurrency exchanges later this year, PUSD will enable seamless cross-border payments, DeFi participation, and institutional integration across global markets. The stablecoin bridges traditional Islamic finance with the digital economy, unlocking access to both conventional and Shariah-compliant markets worldwide.
Acknowledgment of Partners
Palm USD expressed its appreciation to the regulators, financial institutions, technology partners, and early supporters whose collaboration enabled the development and launch of PUSD. The company stated that their trust, coordination, and shared commitment to innovation were instrumental in bringing this vision of financial freedom to life.
Key features
Fully backed by AED and SAR reserves
1:1 USD peg maintained through Gulf currency strength
No freezing or blacklisting capabilities—ever
Monthly audited reserves for complete transparency
Shariah-certified for Islamic finance compatibility
Coming to major exchanges later this year
About Palm USD
Palm Azgar Finance Company is a licensed financial institution in Riyadh, Saudi Arabia, dedicated to developing Shariah-compliant digital asset solutions. Through its British Virgin Islands affiliate, Palm USD issues PUSD—a global free currency designed for transparent, secure, and permanently accessible digital transactions. Palm USD's mission is to create financial infrastructure that serves everyone equally, delivering true monetary freedom in the digital age.
"Always free. Never frozen."
Website: www.palmusd.com
info@palmusd.com
