What did ADGM recognize for USDT?

TLDR

Abu Dhabi Global Market (ADGM) recognized Tether USDt (USDT) as an Accepted Fiat?Referenced Token (AFRT) for regulated use by licensed firms within its jurisdiction per a regulator update.

1. Recognition now spans Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, expanding beyond earlier approvals on Ethereum, Solana, and Avalanche per a Coinspeaker report.

1. ADGM?licensed firms can offer regulated trading, custody, and settlement services involving USDT under FSRA oversight as covered here.

1. This builds on ADGMs broader stablecoin framework (for example, USDC and EURC recognitions) and signals the UAEs push for clear rules per this coverage.

Deep Dive

1. Multichain Scope

ADGMs AFRT recognition covers USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, extending beyond earlier approvals on Ethereum, Solana, and Avalanche.

1. The expansion enables regulated activities across most networks where USDT circulates per the Coinspeaker report.
2. Coverage across diverse chains improves operational flexibility for custody, settlement, and connectivity to regional venues also summarized here.

2. What Licensed Firms Can Do

With AFRT status, USDT can be used by ADGM?licensed institutions for regulated trading, custody, and settlement.

1. The designation formalizes the tokens use inside an international financial center with its own regulatory regime per this update.
2. It aligns stablecoin operations with FSRA rules, giving compliance?oriented firms a clearer path to offer USDT services in the UAE capital as noted above.

3. Why This Matters

ADGMs recognition strengthens the UAEs positioning on regulated digital assets and complements recent stablecoin and licensing steps.

1. USDC and EURC have also been recognized within ADGMs framework, indicating consistent treatment across major stablecoins covered here.
2. Expanded recognition supports multichain settlement rails for institutions, which can improve liquidity and integrations across regional markets per the report above.

Conclusion

ADGMs AFRT recognition for USDT formalizes its regulated use and extends it across multiple blockchains, giving institutions clearer, compliant pathways for custody and settlement. This fits the UAEs broader push for stablecoin clarity and could deepen regional liquidity and institutional adoption under FSRA rules.