Tether has announced that its USDT stablecoin is now recognised as an Accepted Virtual Asset by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM).
This approval allows licensed entities in ADGM to provide services related to USDT, further boosting the region’s role in digital asset innovation.
“By bringing USDT to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration and growth across the Middle East,” said Paolo Ardoino, CEO of Tether.
“The UAE’s forward-thinking approach to virtual asset regulation sets a global benchmark, and we are proud that USD₮ can play a pivotal role in driving economic progress and digital transformation in the region. This approval highlights Tether’s dedication to building bridges between traditional and decentralised economies while ensuring security, trust, and efficiency for users worldwide.”
This recognition will ensure USDT meets ADGM standards, facilitating its integration into the services of licensed entities and supporting the UAE’s financial diversification journey.
