Tether, which claims to be one of the largest companies in the digital assets industry, has announced recently that USD₮ issued on a number of major blockchains has been formally recognised as an Accepted Fiat-Referenced Token (AFRT) within ADGM. The recognition allows Authorised Persons licensed by the Financial Services Regulatory Authority (FSRA) of ADGM to offer Regulated Activities involving USD₮ on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.
This milestone follows continued close engagement with the FSRA to demonstrate “the resilience, transparency, and compliance-focused approach of Tether’s operations.”
This approval brings expanded access for ADGM Authorised Persons to the world’s most “widely used stablecoin across multiple blockchain networks.”
The approval builds upon ADGM’s previous “recognition of USD₮ on Ethereum, Solana, and Avalanche, and forms part of a broader wave of new network approvals that extends USD₮’s regulatory coverage far beyond the original three chains.”
Together, these approvals reinforce ADGM’s approach, creating a multi-chain foundation for USD₮ within one of the world’s digital-asset jurisdictions.
This allows ADGM Authorised Persons to support “a range of blockchain networks.”
Tether now has USD₮ recognized on “nearly all the major blockchains it supports, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.”
This multi-chain approval enhances interoperability across the global financial system, allowing USD₮ to function as “a reliable settlement asset for trading and decentralized applications, while maintaining the AFRT criteria and safeguards required by the FSRA.”
It also indicates how collaboration between service providers and regulators can expand financial access “without compromising compliance or security.”
Tether’s collaboration in ADGM aligns with the UAE’s strategy to integrate blockchain technology into its financial system while “maintaining oversight and investor protection.”
The inclusion of USD₮ within this framework now aims to enhance liquidity, interoperability, and the diversity of blockchain infrastructure that is now being offered to users and institutions.