Abu Dhabi Global Market has approved USDT on nine additional blockchains.Abu Dhabi Global Market has approved USDT on nine additional blockchains.

Tether’s USDT Stablecoin Wins Multi-Chain Approval in Abu Dhabi

2025/12/10 07:45
3 min read

Stablecoin issuer Tether announced that USDT issued on several major blockchains has been recognised as an Accepted Fiat-Referenced Token (AFRT) within the Abu Dhabi Global Market (ADGM).

The designation allows firms licensed by the ADGM’s Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and Tron blockchain networks.

Extending USDT’s Regulated Footprint

The move follows what the company described as ongoing engagement with the FSRA to demonstrate the resilience, transparency, and compliance elements of its operations. The latest approval expands on earlier ADGM recognition of USDT on Ethereum, Solana, and Avalanche, thereby broadening the regulatory coverage of the stablecoin across a wider range of blockchain networks.

According to the official press release, the combined approvals create a multi-chain framework that lets ADGM-licensed firms support more networks while operating within one of the sector’s established regulatory jurisdictions. With this decision, USDT is now recognised in ADGM on nearly all major blockchains supported by the issuer.

Tether said the multi-chain approval increases interoperability and allows USDT to be used as a settlement asset for trading and decentralized applications, while meeting AFRT requirements set by the FSRA.

Following the development, Tether CEO Paolo Ardoino said

In November, Tether expanded its presence in Bitcoin-backed finance through a strategic investment in Ledn, a lending platform that provides credit secured by BTC. Ledn offers products such as risk management tools, advanced custody, liquidation systems, and allows users to access loans without selling their digital assets. Tether said the investment aligns with its goal of supporting real-world credit markets and broadening access to both retail and institutional borrowers.

Circle’s UAE Expansion

Meanwhile, the latest approval for USDT in ADGM comes as rival stablecoin issuer Circle also strengthens its foothold in the UAE. Circle announced securing a Financial Services Permission license from the FSRA of Abu Dhabi Global Market, which will allow the company to operate as a Money Services Provider within the international financial center.

Alongside the regulatory milestone, the fintech also said it has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa. Dr. Jaffar, who joins from Visa where she served as Senior Vice President and Group Country Manager for the Gulf Cooperation Council, will oversee the company’s regional operations and lead efforts to advance partnerships with financial institutions and enterprises. The USDC issuer also stated that her focus will include supporting the adoption of digital dollars and on-chain payment solutions across the UAE and wider MEA markets.

The post Tether’s USDT Stablecoin Wins Multi-Chain Approval in Abu Dhabi appeared first on CryptoPotato.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Kellervogel Expands Platform Infrastructure to Enhance Scalability Across Global Crypto Markets

Kellervogel Expands Platform Infrastructure to Enhance Scalability Across Global Crypto Markets

Introduction Kellervogel today announced a series of infrastructure upgrades designed to enhance platform scalability in response to sustained growth in user participation
Share
CryptoReporter2026/02/22 23:20
Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive

Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive

The post Bitcoin Set For ‘Promising’ Q4, Next Two Weeks Could Be Decisive appeared on BitcoinEthereumNews.com. Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about…
Share
BitcoinEthereumNews2025/09/18 23:00
Trump’s 15% Global Tariff Hike Fails To Rattle Crypto

Trump’s 15% Global Tariff Hike Fails To Rattle Crypto

The post Trump’s 15% Global Tariff Hike Fails To Rattle Crypto appeared on BitcoinEthereumNews.com. Bitcoin Unfazed: Trump’s 15% Global Tariff Hike Fails
Share
BitcoinEthereumNews2026/02/22 23:03