TechFlow, December 9 — According to Cointelegraph, the Abu Dhabi Global Market (ADGM) has officially recognized USDT as an "accepted fiat-referenced token," allowing regulated firms to offer trading, custody, and other services involving the stablecoin.
Tether CEO Paolo Ardoino stated that this recognition "reinforces the role of stablecoins as a critical component of today's financial landscape." Previously, ADGM had classified USDT issuances on Ethereum, Solana, and Avalanche as accepted virtual assets. The latest designation expands this framework and could enhance USDT's usability in cross-border payments, institutional custody, and settlements.
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