USDT gains "fiat-referenced token" status under ADGM framework on December 9
USDT issued by Tether was granted "fiat-referenced token" status under Abu Dhabi Global Market's regulatory framework on December 9, Cointelegraph reported. The designation allows licensed entities in ADGM to offer regulated services, including trading and custody, involving USDT. The qualification is described as a key milestone for USDt in Abu Dhabi's oversight regime. It is expected to broaden its use in cross-border settlement, institutional custody and payment scenarios.