Abu Dhabi Regulator Greenlights Multi-Chain USDT for Licensed Firms
Regulatory authorities in the Abu Dhabi Global Market (ADGM) have recognized Tether’s USDT stablecoin as an approved fiat-referenced token across a wide array of blockchains. This decision advances Tether’s regional expansion efforts.
A Monday announcement confirmed that licensed persons within the financial free zone are now authorized to engage in regulated activities involving USDT on chains including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
The approval is set to increase USDT’s utilization within the UAE’s premier financial center, building upon earlier endorsements for USDT on Ethereum, Solana and Avalanche.
“Introducing USDT within ADGM’s regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape,” commented Paolo Ardoino, Tether’s CEO. “By extending recognition to USDT on several major blockchains, ADGM further strengthens Abu Dhabi’s position as a global hub for compliant digital finance.”
The ADGM functions as an autonomous international financial center in the UAE’s capital, governed by its own legal system. The zone’s Financial Services Regulatory Authority oversees and licenses all financial firms operating there.
Specifically, this move allows institutions licensed by ADGM to support regulated services using USDT across virtually all of its available blockchains. This establishes a multi-chain ecosystem aimed at enhancing liquidity and interoperability for various financial activities.
