#AbuDhabiStablecoin

Tether, the company behind USDT, the largest stablecoin by market capitalization, has reached an important regulatory milestone. USDT has been recognized as an Accepted Virtual Asset (AVA) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This achievement reinforces USDT's position in the global financial landscape and strengthens its integration in the United Arab Emirates (UAE).

USDT as an Accepted Virtual Asset in ADGM

With this designation, companies within the ADGM can now offer services related to USDT, such as trading and storage, integrating the stablecoin into the financial system of the UAE.

Tether's CEO, Paolo Ardoino, stated that this recognition highlights the crucial role of stablecoins in modern finance and marks a significant advancement in Tether's global expansion.