Tether’s USDT Gains Multi-Chain AFRT Status in Abu Dhabi’s ADGM
Abu Dhabi’s ADGM designates Tether’s USDT as an Accepted Fiat-Referenced Token across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON, expanding prior approvals.
The Abu Dhabi Global Market (ADGM) has officially recognized USDT as an Accepted Fiat-Referenced Token (AFRT), according to Tether’s statement. The designation permits licensed entities under the Financial Services Regulatory Authority (FSRA) of ADGM to conduct regulated activities using USDT across multiple blockchain networks, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
Key Highlights of the Recognition
The move builds on earlier recognition of USDT on Ethereum, Solana, and Avalanche, enabling cross-border payments, custody, and settlement in a supervised framework. Tether says the UAE’s digital asset rules and ADGM partnership advance financial inclusion while positioning USDT as a core settlement rail in the region.
Here are the key highlights of the recognition:
- ADGM’s FSRA now recognizes USDT as an Accepted Fiat-Referenced Token for regulated institutions across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
- The move enables increased use for cross-border payments, institutional custody, and settlement services.
- Tether’s ongoing collaboration in ADGM aligns with the UAE’s broader strategy to integrate blockchain technology into its financial system while maintaining robust oversight and investor protection.
Impact on Financial Inclusion and Innovation
“The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership,” Paolo Ardoino, CEO of Tether, stated. “This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale.”
The multi-chain recognition enhances USDT’s interoperability within the global financial system, positioning the stablecoin as a settlement asset for trading and decentralized applications while adhering to AFRT standards and FSRA safeguards, Tether stated.
USDT is described as the world’s most widely circulated stablecoin. The regulatory approval represents a milestone as stablecoins gain wider acceptance in regulated financial markets.
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