Tether gains Abu Dhabi’s approval to expand USDT use across nine major chains

Tether announced that its USDT stablecoin has been recognized as an accepted fiat-referenced token by Abu Dhabi Global Market (ADGM), allowing licensed entities within the financial free zone to offer regulated activities involving USDT across nine new major blockchains: Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. This builds upon earlier approvals for USDT on Ethereum, Solana, and Avalanche, significantly widening USDT's reach within the UAE's international financial center. Tether CEO Paolo Ardoino stated this reinforces stablecoins' role in finance and strengthens Abu Dhabi's position as a hub for compliant digital finance. This development coincides with Binance securing full authorization to operate its global platform under the ADGM framework, highlighting Abu Dhabi's deepening commitment to becoming a global crypto center.

(Source：The Block)