TLDR
The approval was granted by Abu Dhabi Global Markets Financial Services Regulatory Authority (FSRA) Financial Services Regulatory Authority.
- USDT was recognized in ADGM as an Accepted Fiat Referenced Token (AFRT) ADGM AFRT designation.
- FSRAs decision allows ADGM?licensed firms to use USDT in regulated activities across multiple networks multi network approval.
Deep Dive
1. Who Approved It
The Financial Services Regulatory Authority is ADGMs independent regulator and it approved USDT for use within the ADGM regime. Recent reports note FSRAs formal recognition of USDT under its framework in ADGM Financial Services Regulatory Authority.
The relevant authority inside ADGM is FSRA, so any permissions or restrictions on USDT in that zone flow from FSRAs rulebook.
2. What The Approval Covers
FSRA recognized USDT as an Accepted Fiat Referenced Token, enabling regulated use by ADGM?licensed firms for activities like trading, custody, and settlement. The recognition spans multiple blockchains and builds on earlier approvals, broadening how institutions in ADGM can handle USDT under supervision ADGM AFRT designation. Coverage has expanded to additional networks beyond earlier approvals, increasing operational flexibility for firms in the zone multi network approval.
In ADGM, counterparties can use USDT within a regulated framework, which can reduce compliance friction and enable institutional workflows tied to stablecoin payments and settlement.
Conclusion
USDTs status in ADGM was approved by the FSRA, which recognized it as an AFRT for regulated use. This formalizes USDTs role inside ADGM and allows licensed institutions to integrate it into supervised activities, improving clarity and operational reach under a clear rulebook.
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