"Abu Dhabi regulator allows multiple blockchain-based USDT to be used within its regulatory framework"

Stablecoin issuer Tether said on the 8th that the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) has recognized USDT issued on multiple blockchains as tokens that can be used within its regulatory framework.

Under this measure, ADGM-licensed firms can officially handle USDT based on various networks. Approved networks include Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, TRON, and, together with previously allowed Ethereum, Solana, and Avalanche, USDT issued on a total of more than 12 blockchains fall under the regulatory scope.

Tether said it confirmed operational stability, transparency, and compliance through consultations with the regulator.

Paolo Ardoino, Tether CEO, said, "The UAE is setting global standards in digital asset policy, and this approval will further expand USDT's role as a stable payment asset."

Tether said, "With this recognition, financial institutions and companies within ADGM will be able to support USDT-based payment and settlement services on more networks, which will further expand on-chain finance usage in the Middle East."