Tether USDT receives regulatory approval in Abu Dhabi, UAE aims to become a global compliance hubAbu Dhabi Global Market (ADGM) has recently officially recognized USDT, issued by Tether, as an "Accepted Fiat-Referenced Token (Accepted Fiat-Referenced Token, AFRT)," allowing local institutions to legally operate USDT custody, trading, and settlement services. This not only expands the usage of USDT but also strengthens the UAE's strategy to build a globally compliant Crypto hub.
USDT Receives "Fiat-Level" Regulatory Recognition in Abu Dhabi, Approved on Nine Major Blockchains
According to Tether’s announcement, Abu Dhabi’s regulatory authority FSRA has officially included USDT under the AFRT framework, enabling licensed institutions to legally conduct stablecoin-related financial services such as trading, custody, and settlement. This approval covers Aptos, Near, and
ChainNewsAbmedia·12-09 08:15