Tether Scores Major Regulatory Milestone As USDT on Three Chains Deemed ‘Accepted Virtual Asset’ in Abu Dhabi
The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). Says Tether CEO Paolo Ardoino of the achievement, “This milestone underscores 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 economic progress and digital transformation in the region. This approval highlights Tether’s dedic...