Tether’s USDT Stablecoin Approved by Abu Dhabi Regulator For Use Across Multiple Blockchains
Tether’s USDT stablecoin has been approved for broad use in Abu Dhabi.
The Abu Dhabi Global Market (ADGM) has recognized Tether’s USDT as an Accepted Fiat-Referenced Token (AFRT) on multiple major blockchains.
This allows licensed financial firms in the ADGM to use the stablecoin in regulated activities.
The recognition covers Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON networks.
The move builds on prior approvals for Ethereum, Solana and Avalanche, now spanning nearly all Tether-supported blockchains.
Says Tether CEO Paolo Ardoino,
“The UAE continues to set the global standard for digital asset regulation. This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale.”
Other stablecoins approved as Accepted Fiat-Referenced Tokens by Abu Dhabi Global Market include USDC issued by Circle, RLUSD issued by Ripple, USD1 issued by World Liberty Financial, USDP issued by Paxos and USDL issued by Paxos International.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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