ADGM’s Financial Services Regulatory Authority has officially recognized USDT as an Accepted Fiat-Referenced Token (AFRT) for use across a broad set of blockchains, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. This multi-chain approval builds on a prior ADGM recognition in 2024 that covered USDT on Ethereum, Solana, and Avalanche, marking a continued expansion of the token’s regulatory footprint in the region. Tether’s CEO Paolo Ardoino highlighted the collaboration with ADGM as part of advancing regulated digital assets and financial inclusion, underscoring the firm’s broader strategy in the Middle East.
The approval follows months of collaboration between Tether and the FSRA, reinforcing interoperability opportunities for regulated institutions and developers within ADGM’s jurisdiction. The move complements Tether’s broader regional push, including plans announced in 2024 to issue a UAE dirham-pegged stablecoin and a 2025 partnership with Reelly Tech to accelerate UAE real estate transactions, illustrating a comprehensive approach to integrating stablecoins with local financial systems.
Overall, the cross-chain AFRT designation enhances regulatory clarity for businesses adopting USDT in the UAE and Gulf region. This signals ongoing integration of stablecoins with local financial systems.
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