Abu Dhabi Global Market approves USDT on TRON for regulated activities

The Abu Dhabi Global Market (ADGM), through its Financial Services Regulatory Authority (FSRA), has approved USDT issued on the TRON blockchain as an Accepted Fiat-Referenced Token. This approval permits licensed firms operating within ADGM to utilize the stablecoin for regulated financial activities, aligning with the UAE's goal to become a global digital asset hub. TRON DAO noted that this decision validates TRON's commitment to compliance, security, and regulatory engagement, acknowledging the network's technical efficiency and scalability. John Hurston, General Counsel, US for TRON DAO, stated that the acceptance recognizes TRON's dedication to compliant infrastructure. USDT on TRON currently has a circulating supply exceeding $78 billion, making it a significant settlement layer.

(Source：Crypto Briefing)