ADGM Approves USDT as Accepted Fiat-Referenced Token Across Multiple Blockchains
Tether has announced that its USDT stablecoin has received official recognition as an Accepted Fiat-Referenced Token (AFRT) by the Abu Dhabi Global Market (ADGM). This approval extends to several blockchain networks, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. With this designation, entities authorized by ADGM can now engage in regulated activities involving USDT on these platforms. This new approval builds on an earlier recognition granted by ADGM in October 2024, which already included USDT’s use on Ethereum, Solana, and Avalanche. As a result, USDT is approved for use on nearly all prominent blockchains, bolstering its global compliance standing.
The Role of ADGM in Global Digital Finance
Abu Dhabi Global Market (ADGM) operates as a vital international financial center and regulatory authority for digital assets within the United Arab Emirates. The Financial Services Regulatory Authority (FSRA) within ADGM is responsible for the licensing and oversight of virtual asset activities, focusing on blending innovation with rigorous compliance and investor protection measures. The recent approval for USDT was the culmination of months of collaborative efforts between Tether and the FSRA, highlighting Tether’s commitment to aligning with ADGM’s stringent compliance and transparency requirements. According to Tether’s CEO, Paolo Ardoino, this decision reflects the dedication of both parties towards promoting financial inclusion and innovation through regulated digital assets.
Expansion Following Previous Recognition in 2024
Tether’s journey towards regulatory acknowledgment within ADGM began in October 2024, when USDT was classified as a virtual asset under the jurisdiction’s framework. The recent multi-chain approval marks a significant advancement in this process, further extending the token’s regulatory acceptance. USDT now stands alongside five other stablecoins recognized as Accepted Fiat-Referenced Tokens under the FSRA’s official list as of November 2025, indicating a growing institutional embrace of stablecoins within the region’s financial landscape.
Enhancing Tether’s Strategy in the Region
Tether’s ongoing collaboration with ADGM aligns with its strategic objectives in the Middle East. Beyond the recognition of USDT, the company has revealed plans to launch a new stablecoin pegged to the UAE dirham (AED) in 2024, highlighting its aim to integrate closely with the financial frameworks of the region. While further details about this project are not currently available, the partnership with Reelly Tech announced in 2025 aims to streamline stablecoin transactions in the UAE’s real estate sector. The new regulatory decision by ADGM enhances interoperability across various blockchain networks, creating new settlement possibilities for both regulated institutions and decentralized applications. As the UAE continues to establish clear regulations for digital assets, Tether’s proactive engagement with regulators places it in a favorable position within one of the world’s most dynamic fintech environments.
