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German political obsession with Ukraine reaches dangerous levelsAn IOU token is a type of digital asset that is used to represent debt between two parties. IOU stands for �I owe you� and is a contract that. The acronym IOU stands for �I owe you� and refers to an informal document that acknowledges a debt one party owes to another. The debt usually involves a. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web news with analysis, video and live price updates.