Tether's USDT Recognized as Fiat-Referenced Token in Abu Dhabi Global Market

Tether's USDT has been formally recognized as an accepted fiat-referenced token in the Abu Dhabi Global Market (ADGM), allowing licensed institutions to offer regulated trading, custody, and settlement services using the stablecoin. The designation broadens USDT's institutional footprint in the Middle East, supports Abu Dhabi's ambition to become a hub for stablecoins and digital assets, and comes as the global stablecoin market surpasses $300 billion in supply, according to DefiLlama.