USDT has been recognized by ADGM as an acceptable fiat-referenced token and can be used on multiple major blockchains.

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According to Techub News, Tether announced that the USDT versions issued on multiple major blockchains have been recognized by Abu Dhabi Global Market (ADGM) as acceptable Fiat-Referenced Tokens (AFRT). This recognition allows authorized persons licensed by the ADGM Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USDT on blockchains such as Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. This move builds on ADGM’s previous recognition of USDT on Ethereum, Solana, and Avalanche, further expanding the application scope and on-chain network coverage of USDT within ADGM’s regulated digital asset framework.

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