Tether USD is recognized as an accepted fiat reference token on ADGM and can be used on multiple major blockchains.

Odaily Planet Daily reports that Tether has announced that its USDT versions issued on multiple major blockchains have been recognized by the Abu Dhabi Global Market (ADGM) as an accepted fiat reference token (AFRT).

This recognition allows authorized individuals licensed by the ADGM Financial Services Regulatory Authority (FSRA) to offer regulated activities involving USD₮ on blockchains such as Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON. This move builds upon ADGM's previous recognition of USDT on Ethereum, Solana, and Avalanche, further expanding the scope and on-chain network coverage of USD₮ within ADGM's regulated digital asset framework. Tether CEO Paolo Ardoino stated that this move underscores Tether's commitment to advancing global financial inclusion and innovation, and solidifies Abu Dhabi's position as a compliant global hub for digital finance.