Tether’s USDT Gains ADGM Recognition Across Nine Additional Blockchains
Tether’s USDT stablecoin receives expanded regulatory approval from Abu Dhabi Global Market, allowing licensed firms to offer compliant services on nine more blockchain networks beyond earlier integrations.
ETH
USDT
SOL
Summary
Tether announced that its USDT token has been recognized by the Abu Dhabi Global Market (ADGM) as a fiat-referenced token on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and Tron. Licensed firms under ADGM’s FSRA can now provide regulated USDT services—including transactions, custody, and payments—on these networks. This expansion supplements previous approvals for Ethereum, Solana, and Avalanche, broadening institutional access to compliant USD stablecoin operations.
Terms & Concepts
- USDT (Tether): A stablecoin pegged to the U.S. dollar, issued by Tether, used for transactions and value storage in crypto markets.
- Fiat-referenced token: A digital asset whose value is linked to a government-issued currency, such as the U.S. dollar, to maintain price stability.
- ADGM (Abu Dhabi Global Market): A financial free zone and regulator in Abu Dhabi that oversees financial services and digital asset activities.