USDT Recognized by Abu Dhabi Regulator as 'Stablecoin'

BlockBeats News, December 9th, according to Cointelegraph, Tether's issued USDT has obtained the "fiat reference token" qualification in the Abu Dhabi Global Market (ADGM), which means that licensed institutions can conduct transactions, custody, and other services involving USDT within a regulated framework. This qualification is a key development for USDT within the Abu Dhabi regulatory system, further expanding its application in cross-border settlements, institutional custody, and payment scenarios.