Tether Gold recognized by Abu Dhabi Global Market as an Accepted Spot Commodity

Odaily Planet Daily News Stablecoin issuer Tether announced that its gold token, Tether Gold (XAU₮), has been recognized as an "Accepted Spot Commodity" by the Abu Dhabi Global Market (ADGM), opening channels for regulatory-compliant enterprises within ADGM to offer services related to XAU₮.

Tether stated that this recognition was obtained after continuous communication with ADGM and demonstrating its operational resilience, transparency, and compliance framework. It will help enterprises that have obtained relevant regulatory licenses support XAU₮ products and services in a regulated environment. Previously, the ADGM Financial Services Regulatory Authority (FSRA) had recognized Tether's USD stablecoin USD₮ as an "Accepted Fiat Referenced Token." This recognition of XAU₮ further expands the application scope of Tether's products within the regulated ecosystem of ADGM.