Tether USDT receives recognition from Abu Dhabi Global Market (ADGM), supporting multi-chain applications
ChainCatcher News, according to official sources, Tether announced that its stablecoin USDT has been recognized by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) as an "fiat-referenced token" (AFRT).
This recognition has been extended to several major blockchain networks including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, marking another significant development following previous approvals for use on Ethereum, Solana, and Avalanche.
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