Tether’s USDT stablecoin has been authorized for broad use in Abu Dhabi.
The Abu Dhabi International Market (ADGM) has recognized Tether’s USDT as an Accepted Fiat-Referenced Token (AFRT) on a number of main blockchains.
This enables licensed monetary companies within the ADGM to make use of the stablecoin in regulated actions.
The popularity covers Aptos, Celo, Cosmos, Kaia, Close to, Polkadot, Tezos, TON and TRON networks.
The transfer builds on prior approvals for Ethereum, Solana and Avalanche, now spanning almost all Tether-supported blockchains.
Says Tether CEO Paolo Ardoino,
“The UAE continues to set the worldwide commonplace for digital asset regulation. This milestone highlights Tether’s dedication to advancing monetary inclusion and innovation on a worldwide scale.”
Different stablecoins authorized as Accepted Fiat-Referenced Tokens by Abu Dhabi International Market embody USDC issued by Circle, RLUSD issued by Ripple, USD1 issued by World Liberty Monetary, USDP issued by Paxos and USDL issued by Paxos Worldwide.
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