The company behind the largest stablecoin by market capitalization announces the achievement of an important regulatory milestone.
In a new announcement, Tether says that USDT has become an Accepted Virtual Asset (AVA), as recognized by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).
Paolo Ardoino, CEO of Tether, says of this achievement:
“This milestone underscores Tether’s commitment to driving financial inclusion and innovation globally. By placing USDT at the forefront of ADGM’s regulated virtual asset framework, we not only validate the importance of stablecoins as essential tools for modern finance, but also open new doors for collaboration and to growth across the Middle East.
The UAE’s forward-thinking approach to regulating virtual assets sets a global benchmark, and we are proud that USDT can play a central role in driving economic progress and digital transformation in the region. This approval underscores Tether’s commitment to building bridges between traditional and decentralized economies while ensuring security, trust and efficiency for users around the world.
Designating USDT as an AVA in the region will allow ADGM companies to offer USDT-related services, such as trading and storage. According to the announcement, the approval will enable the “seamless integration” of USDT into the financial landscape and future of the UAE.
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