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Tether's USDT stablecoin has been approved as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), according to a Dec. 10 statement.

The landmark decision, granted by the Financial Services Regulatory Authority (FSRA), allows licensed entities within the jurisdiction to offer services involving USDT under ADGM's regulatory framework.

The approval marks a significant milestone for Tether, enabling the seamless integration of USDT into ADGM's approved financial services ecosystem. Tether CEO Paolo Ardoino emphasized that this achievement highlights the growing importance of stablecoins in modern finance and reinforces the company's role in bridging traditional and decentralized economies.

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