Tether, the issuer of USDT, announced today that its flagship stablecoin (USDT) has received recognition as an Accepted Fiat-Referenced Token (AFRT) within the regulatory jurisdiction of the Abu Dhabi Global Market (ADGM).
This development, resulting from ongoing engagement with the ADGM’s Financial Services Regulatory Authority (FSRA), allows licensed entities in the free zone to conduct regulated activities involving USDT across major blockchain networks.
The said list of blockchains includes Aptos, Celo, Cosmos, Near, Polkadot, Tezos, TON, and TRON.
The recognition formally includes USDT under ADGM’s digital asset framework, allowing Authorized Persons licensed by the FSRA to utilize the stablecoin on a broad array of networks.
You need to login in order to Like
Leave a comment