The company with the largest stablecoin by market capitalization announced the achievement of an important regulatory milestone.
In a new announcement, Tether revealed that USDT has been approved by the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) to become an Authorized Virtual Asset (AVA).
Tether CEO Paolo Ardoino commented on this achievement:
“This milestone highlights Tether’s commitment to fostering global financial inclusion and innovation. By bringing USDT to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance, but also opening new doors for collaboration and growth across the Middle East.
The UAE’s forward-thinking approach to virtual asset regulation sets a global benchmark, and we are proud that USDT can play a pivotal role in driving the region’s economic development and digital transformation. “This approval highlights Tether’s commitment to building bridges between traditional and decentralized economies while ensuring security, trust, and efficiency for users around the world.”
Once USDT is designated as an AVA in the region, ADGM companies can provide USDT-related services such as trading and storage. According to the announcement, this approval will enable USDT to be “seamlessly integrated” into the UAE’s financial landscape and future.
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