Tether Secures Major Regulatory Milestone in Abu Dhabi’s Digital Asset Landscape

Tether, the global leader in digital assets, has achieved a groundbreaking regulatory milestone with the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) designating USD₮ as an Accepted Virtual Asset (AVA). This landmark approval empowers FSRA-licensed entities to integrate USD₮ into their offerings, propelling the UAE’s role as a hub for digital finance innovation.

Amid the UAE’s rapid embrace of cryptocurrencies since 2022, this recognition highlights the nation’s strategic vision to harmonize traditional financial systems with emerging digital economies. With the UAE dirham pegged to the U.S. dollar, Tether’s USD₮—now surpassing a $138 billion market cap and serving over 400 million global users—offers a secure, stable gateway between fiat and digital currencies.

“Tether’s acceptance as an AVA underscores the transformative potential of stablecoins in modern finance,” stated Paolo Ardoino, CEO of Tether. “This milestone reflects our dedication to bridging economies, enhancing trust, and fostering innovation worldwide. The UAE’s regulatory leadership serves as a beacon for global financial progress, and we’re honored to contribute to this dynamic evolution.”

The FSRA’s decision signifies a leap forward for the UAE’s ambition to lead in blockchain technology and virtual assets. USD₮’s integration into ADGM’s approved services supports the region’s goal of financial diversification and modernization, creating fertile ground for innovation and collaboration in the Middle East’s digital asset ecosystem.

This approval solidifies USD₮’s reputation as a trusted stablecoin, paving the way for enhanced financial inclusion, economic growth, and digital transformation in the UAE and beyond.