Tether’s USDT Gains Regulatory Recognition as Fiat-Referenced Token in Abu Dhabi Global Market
Tether’s USDT stablecoin has secured regulatory recognition as an accredited fiat-referenced token throughout a variety of blockchains contained in the Abu Dhabi Global Market (ADGM), marking one other step in the UAE’s accelerating push to place itself as a world heart for regulated digital belongings.
Key Takeaways:
- ADGM now acknowledges USDT throughout a number of main blockchains for regulated use.
- Tether says the transfer highlights stablecoins’ rising position in fashionable finance.
- The replace comes as Binance additionally secures full ADGM authorization, boosting Abu Dhabi’s crypto ambitions.
In a statement on Monday, Tether stated ADGM now permits licensed establishments in the monetary free zone to conduct regulated actions involving USDT throughout Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.
These approvals broaden on earlier recognition for USDT on Ethereum, Solana and Avalanche, broadening the stablecoin’s jurisdictional and technical attain throughout the area.
ADGM Move Validates Stablecoins’ Financial Importance
Paolo Ardoino, Tether’s CEO, stated the transfer underscores the position of stablecoins in the fashionable monetary system.
“Introducing USDT inside ADGM’s regulated digital asset framework reinforces the position of stablecoins as important elements of right this moment’s monetary panorama,” he stated, including that extending recognition throughout a number of chains helps strengthen Abu Dhabi’s standing as a hub for compliant digital finance.
ADGM operates as a particular financial zone and worldwide monetary heart with its personal authorized, regulatory and judicial system.
Its Financial Services Regulatory Authority (FSRA) oversees licensing and supervision for corporations lively inside the jurisdiction.
Under the newly issued recognition, ADGM-licensed entities can assist USDT throughout practically all main chains the place the token circulates, making a broader multichain basis for settlement, buying and selling and decentralized-application exercise.
The announcement arrives as Abu Dhabi intensifies its marketing campaign to draw world digital-asset corporations.
On the identical day, Binance disclosed that it has secured full authorization to function its flagship Binance.com platform underneath ADGM oversight, a milestone that comes after years of regulatory scrutiny.
Binance will function by means of three distinct authorized entities in the zone, an trade, a clearing home and a broker-dealer, reflecting a standard financial-market construction designed to allow regulated buying and selling, custody, settlement and off-exchange companies.
Co-CEO Richard Teng stated the approval demonstrates Binance’s adherence to what he described as ADGM’s “gold-standard” regulatory expectations.
Pending last operational steps, Binance.com is slated to start regulated exercise underneath the ADGM regime on Jan. 5, 2026, reinforcing the UAE capital’s technique of pairing stringent oversight with an open stance towards digital-asset innovation.
Tether Pushes Back as Arthur Hayes Flags Insolvency Risks
As reported, Tether has confronted renewed scrutiny after BitMEX founder Arthur Hayes warned {that a} 30% decline in the corporate’s Bitcoin and gold holdings might erase its fairness.
However, CoinShares’ James Butterfill rejected the alarm, noting that Tether holds greater than $181 billion in reserves towards $174.45 billion in liabilities, leaving a surplus of roughly $6.78 billion.
His feedback arrive amid broader market unrest tied to volatility in Japanese bonds and weak US labor knowledge.
CEO Paolo Ardoino additionally straight challenged Hayes’s claims, revealing that Tether Group’s complete belongings are nearer to $215 billion, supported by round $7 billion in extra fairness and a further $23 billion in retained earnings.
He emphasised that Bitcoin and gold make up solely 12.6% of reserves, with greater than 70% held in short-term US Treasuries.
Ardoino accused critics of misreading the corporate’s attestation knowledge, pointing to Tether’s roughly $500 million monthly in curiosity earnings.
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