Tether’s USDt, the big cheese in the stablecoin world, just scored a major regulatory win in Abu Dhabi’s international financial center. Translation? Now, licensed institutions can officially use the token for regulated services. Talk about a glow-up!
In case you missed it, on Monday, USDt (USDT) was officially recognized as an “accepted fiat-referenced token.” This means that firms in the Abu Dhabi Global Market (ADGM) can now offer trading, custody, and basically any other service you can imagine involving the stablecoin. They even put it in writing, so it’s real, folks.
ADGM, aka the cool kid on the block for digital asset companies, is the go-to place for clear rules and institutional access. If you’re a crypto company looking for structure and rules that don’t feel like they’re written in invisible ink, this is your spot.
Tether’s CEO, Paolo Ardoino, couldn’t help but point out that this is “another win for stablecoins as essential components of today’s financial landscape.” Uh, okay, Paolo, we get it – stablecoins are basically the future of money. They’re already being used for everything from remittances to cross-border settlements and digital asset markets. No biggie.
Before you get too excited, ADGM had already declared USDT as an accepted virtual asset across Ethereum, Solana, and Avalanche. This new recognition just extends the party, making USDT a more powerful tool for payments, institutional custody, and global transactions. Is there anything this coin can’t do? Probably not.
Abu Dhabi Sets Its Sights on Stablecoins for Finance. Hold On Tight!
And guess what? Tether isn’t the only stablecoin getting some love in Abu Dhabi. Local regulators recently gave Ripple’s dollar-pegged RLUSD the stamp of approval as an accepted fiat-referenced token. That means institutional use is officially on the table. It’s like a stablecoin party, and everyone’s invited!
Meanwhile, there’s a separate, super-secretive project brewing, backed by some of Abu Dhabi’s biggest financial players. A consortium, including ADQ (the emirate’s sovereign wealth fund), International Holding Company, and First Abu Dhabi Bank, has announced plans for a dirham-pegged stablecoin. The only thing standing between them and their dream? Approval from the UAE Central Bank. No pressure, right?
Abu Dhabi, and the UAE in general, are quickly becoming the ultimate players in the stablecoin and digital asset world. With a clear regulatory framework in place, and a reputation as a global commerce hub, ADGM is now the center of the crypto universe. It’s where crypto companies are lining up for a taste of structured oversight. Who knew finance could be this organized?
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2025-12-08 21:23