Tether (USDT), the largest stablecoin by market capitalization, is recognized as an Approved Fiat Reference Token (AFRT) by nine cryptocurrency networks. This is within the Abu Dhabi Global Market (ADGM), Abu Dhabi’s special economic zone that maintains strict regulations.
Recognized networks are Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, Ton, and Tron.. This action is in addition to previous approvals USDT received from ADGM for Ethereum, Solana, and Avalanche.
With this certification, Tether, the issuer of USDT, has received a license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market to offer regulated stablecoin activities on the aforementioned network.
According to Tether, this milestone Occurs after continued cooperation with authorities To demonstrate a resilient, transparent and regulatory compliant approach to operations.
This decision makes USDT regulated by almost every major cryptocurrency network Tether supports. For the company, this multi-chain certification facilitates interoperability of the global financial system.
The company explains that the regulatory seal will enable Tether to function as a settlement asset for trading and decentralized applications while maintaining AFRT standards and safety measures required by FSRA. In his view, this also shows that collaboration between innovators and regulators can expand financial access without compromising compliance or security.
For Ardoino, this sets the standard for cryptocurrency regulation
“The United Arab Emirates continues to set the global standard in the regulation of digital assets,” Tether CEO Paolo Ardoino declared regarding the acquired license.
The introduction of USDT into ADGM’s regulated digital asset framework strengthens the role of stablecoins as an integral part of today’s financial environment. Furthermore, it creates new opportunities for cooperation and growth across the Middle East.
Paolo Ardoino, CEO of Tether.
On the same day as the announcement, Tether also announced that it is part of a €70 million ($80 million) investment in generative bionics. As reported by CriptoNoticias, this is an Italian company specializing in the production of intelligent humanoid robots that integrate into everyday life.
therefore, As the company obtains more regulatory licenses to operate, it is also diversifying its investments. and expand that market.