The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM) has recognized the USDT stablecoin as an accepted virtual asset (AVA).
This approval allows financial service providers licensed with the ADGM to offer USDT-related services and encourage its use in regulated financial ecosystems.
The recognition extends to USDT currencies issued on various blockchains, such as Ethereum, Solana and Avalanche, and aligns with the UAE's goal of becoming a global hub for digital finance.
By integrating USDT into its framework, the ADGM could enhance its position as a hub for financial innovation and support the UAE's economic diversification.
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