Tether Holdings Ltd, the company behind the largest stablecoin, USDT, said it has received a digital asset license to trade in Abu Dhabi.
The license positions Tether as a pioneer in stablecoin acceptance in the United Arab Emirates. It also emphasizes the nation’s proactive approach to integrating traditional and digital finance.
The Tether Accepted Virtual Asset License
According to the announcement, the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) approved USDT as an Acceptable Virtual Asset (AVA).
This approval permits licensed FSRA financial providers to offer pre-approved services related to Tether’s USDT stablecoin.
The ADGM’s approval applies to USDT issued on numerous blockchains, including Ethereum (ETH), Solana (SOL), and Avalanche (AVAX).
It aligns with the UAE’s ambition to become a global hub for digital finance. USDT’s inclusion as an AVA strengthens its position as the largest stablecoin in the sector, with a mark
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