Tether announced that the company has received official recognition for its USDT
The Abu Dhabi Global Market (ADGM) has classified USDT as an Accepted Fiat-Referenced Token (AFRT), which permits licensed institutions to use it in regulated financial activities.
Under this new status, companies approved by the Financial Services Regulatory Authority (FSRA) can offer USDT services across several blockchain networks. These include Aptos
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Hot VS Cold Wallet: Which One Do YOU Need? (Animated)
This decision follows an ongoing process between Tether and the FSRA to show that the company’s systems are stable, transparent, and compliant with local regulations.
Paolo Ardoino, CEO of Tether, said:
The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership.
The approval shows Tether’s commitment to expanding financial access and innovation. Ardoino noted that adding USDT to ADGM’s regulated system would strengthen the role of stablecoins, support regional cooperation, and reinforce Abu Dhabi’s importance in digital finance.
Tether recently disclosed its participation in a €70 million (about $81 million) funding round for Generative Bionics. What is the goal of the funding? Read the full story.