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Tether’s USDT Approved in Abu Dhabi
https://ift.tt/WM86Tae
The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) has approved Tether’s USDT. It is now recognized as an Accepted Virtual Asset (AVA).
Licensed companies in ADGM can now offer pre-approved services involving USDT. This boosts the region’s reputation as a leader in digital asset innovation.
UAE Embraces USDT to Strengthen Digital Finance Leadership
The UAE has been stepping up its game in the digital finance world, and this move highlights its forward-thinking attitude. With the UAE dirham pegged to the U.S. dollar, the country already enjoys economic stability. Now, by embracing USDT—the world’s most widely used stablecoin with a market cap of over $138 billion—it’s clear the UAE is making a big splash in the crypto space. USDT acts as a bridge between traditional and digital economies, offering security and efficiency to more than 400 million users worldwide.
Since 2022, cryptocurrency adoption in the UAE has taken off like wildfire. With cities like Abu Dhabi and Dubai at the forefront, the country has become a global hub for crypto innovation and blockchain technology. The progressive regulatory environment in the UAE is paving the way for a thriving ecosystem that brings together traditional and decentralized finance.
Tether’s USD₮ Recognized as Accepted Virtual Asset in the Abu Dhabi Global Market (ADGM)
Read more:https://t.co/8k7p0LZ27u
— Tether (@Tether_to) December 10, 2024
Tether’s CEO, Paolo Ardoino, called this a milestone for the company and the industry. “This underscores Tether’s commitment to fostering global financial inclusion and innovation,” Ardoino said. “By bringing USD₮ to ADGM’s regulated framework, we validate the importance of stablecoins as tools for modern finance. The UAE’s forward-thinking approach sets a global standard, and we’re proud USD₮ can drive economic progress and digital transformation in the region.”
More About Tether
Support for native USDT on Aptos is now live on Binance. This will allow users to seamlessly deposit and withdraw USDT on the Aptos blockchain. This new feature helps accelerate on-chain transactions, offering faster and more efficient transfers.
The wait is over.
Support for native USDT on Aptos is now LIVE on @binance. Accelerate on-chain with deposits and withdrawals now open!
pic.twitter.com/PEcEgj961v
— Aptos (@Aptos) December 11, 2024
With deposits and withdrawals now open, Binance users can take advantage of the enhanced speed and scalability of Aptos. This will make it easier to manage their assets and engage in digital asset transactions.
Disclaimer
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December 11, 2024 at 05:16AM
December 11, 2024 at 05:21AM
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