TLDR
Abu Dhabi Global Markets regulator has recognized multiple stablecoins as Accepted Fiat-Referenced Tokens, including Tether USDt (USDT), USDC, USDP, Ripple USD (RLUSD), USD1, and USDL per recent approvals in Abu Dhabis regime (overview).
- Tether USDt (USDT) received multi-chain approval across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON (confirmation).
- USDC is on ADGMs approved list; Circle also obtained an FSP license to operate as a regulated Money Services Provider (report).
- Other approved stablecoins: USDP, Ripple USD (RLUSD), USD1, and USDL (list).
Deep Dive
1. Approved Stablecoins
ADGMs Financial Services Regulatory Authority (FSRA) formally approved a set of fiat-referenced stablecoins for regulated use, including Tether USDt (USDT), USDC, USDP, Ripple USD (RLUSD), USD1, and USDL, creating a clear whitelist for institutional activity in the zone (overview). ADGMs regime gates stablecoin use to tokens designated under its AFRT framework, aiming to standardize custody, payments, and settlement for licensed firms (context).
Institutions in ADGM can legally use these specific stablecoins for regulated services, reducing counterparty and compliance uncertainty.
2. USDT Multi-Chain Recognition
Tether USDt (USDT) received expanded recognition on nine additional networksAptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRONbuilding on earlier approvals for Ethereum, Solana, and Avalanche (confirmation). This widens supported rails for settlement and custody across diverse L1s, enabling broader DeFi and payments integrations under a supervised framework (coverage).
If you operate in ADGM, USDTs multi-chain status increases optionality for integrations while staying inside regulatory guardrails.
3. Circle and Others
USDC appears on ADGMs approved list, and Circle secured an FSP license to operate as a regulated Money Services Providersupporting payment and settlement use cases tied to USDC in the jurisdiction (report). ADGM also recognized Ripple USD (RLUSD), Paxos USDP, World Liberty Financials USD1, and Paxos Internationals USDL, expanding the stablecoin set available for regulated activities (list). Separately, RLUSDs institutional approval in ADGM was noted in broader coverage of the regulators stablecoin push (mention).
Beyond USDT, regulated options like USDC and RLUSD give institutions diversified stablecoin choices for payments, custody, and settlement with clearer compliance pathways.
Conclusion
ADGMs AFRT approvals formalize a shortlist of stablecoins that licensed firms can use, led by multi-chain USDT and regulated USDC. This regulatory clarity supports institutional settlement, custody, and payments in Abu Dhabi, likely improving liquidity and operational confidence for compliant digital asset activity.
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