Tether has obtained key regulatory approval in Abu Dhabi, providing strategic support for the global compliance path of USDT
On December 9, according to Tether's official announcement, its issued US dollar stablecoin USDT has obtained key regulatory approval in the Abu Dhabi Global Market (ADGM) in the UAE.
Specifically, ADGM has officially recognized USDT as an 'Approved Legal Reference Token' (AFRT), which allows financial institutions operating under the regulation of this market.
Currently, the token can legally conduct USDT-related business on nine mainstream blockchains, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
It is worth noting that this token operation license is a significant expansion of the ADGM regulatory framework. Previously, ADGM had approved the use of USDT on Ethereum, Solana, and Avalanche networks.
Now, the scope of licensing covers almost all major blockchain ecosystems supported by Tether, indicating that the compliant use scenarios of USDT under ADGM jurisdiction have gained unprecedented breadth.
From a developmental perspective, it not only provides clear compliance paths and legal certainty for financial institutions using the world's largest stablecoin in a diverse multi-chain environment, but also significantly enhances the financial interoperability based on stablecoins between different blockchain networks.
In summary, this measure indicates that the UAE is becoming more mature and open in its regulatory practices as a global digital asset center, and its forward-looking rules provide a solid foundation for industry innovation.
This move not only provides a compliance path for Tether's development but also strengthens ADGM's position as an international hub for connectivity between traditional finance and the crypto field.
