The Abu Dhabi Global Market (ADGM) officially recognized USDT as an Accepted Fiat-Referenced Token (AFRT), according to Tether’s statement. The designation permits licensed entities under the Financial Services Regulatory Authority (FSRA) of ADGM to conduct regulated activities using USDT across multiple blockchain networks, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON. The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership, Paolo Ardoino, CEO of Tether, stated. This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale.
ADGM previously recognized USDT as an accepted virtual asset on Ethereum, Solana, and Avalanche. The new designation expands that framework, potentially enabling increased use for cross-border payments, institutional custody, and settlement services, according to the announcement. The multi-chain recognition enhances USDT’s interoperability within the global financial system, positioning the stablecoin as a settlement asset for trading and decentralized applications while adhering to AFRT standards and FSRA safeguards, Tether stated.
Tether’s ongoing collaboration in ADGM aligns with the UAE’s broader strategy to integrate blockchain technology into its financial system while maintaining robust oversight and investor protection. The inclusion of USDT within this framework enhances liquidity, interoperability, and the diversity of blockchain infrastructure available to users and institutions operating in the region. USDT is described as the world’s most widely circulated stablecoin. The regulatory approval represents a milestone as stablecoins gain wider acceptance in regulated financial markets.
The designation across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON expands prior approvals and enables cross-chain use. The news reinforces USDT’s role as a core settlement rail in the UAE’s digital asset framework. This development underscores the UAE’s ambition to integrate digital assets into its financial system with robust supervision.
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