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USDT will be regulated by the Financial Services Regulatory Authority.

Tether views this recognition as a major milestone for integrating stablecoins into regulated financial ecosystems.

The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA).

Binance's 25th Proof of Reserves report shows strong reserve ratios for Bitcoin (108.21%), Ethereum (102.68%), and Tether (108.96%). These reports, now regularized by Binance and other exchanges, are a bid to prove user funds are fully backed and accessible, building trust after the FTX collapse.

Tether services can now be offered in the Abu Dhabi Global Market by authorized firms, the company said Tuesday.

Tether's USDT stablecoin has been approved as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM), according to a Dec. 10 statement. The landmark decision, granted by the Financial Services Regulatory Authority (FSRA), allows licensed entities within the jurisdiction to offer services involving USDT under ADGM's regulatory framework.

Tether's USDT stablecoin has received approval from the Financial Services Regulatory Authority (FSRA) as an Accepted Virtual Asset (AVA) within the Abu Dhabi Global Market (ADGM). This decision allows licensed entities under FSRA to provide pre-approved services related to USDT.

The Abu Dhabi Global Market has recognized Tether's USDT as an Accepted Virtual Asset, allowing licensed entities to integrate the stablecoin into regulated services. The post Abu Dhabi Global Market Allows USDT for Virtual Asset Services appeared first on Cryptonews.

Tether's USDT stablecoin has officially been recognized as an Accepted Virtual Asset (AVA) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This decision allows licensed entities operating within the ADGM to offer services related to Tether USDT.

The CEO of prominent bond broker Cantor Fitzgerald played a major role in validating Tether this year by vouching for its reserves.

Despite new players, USDT retains its position as the most trusted stablecoin, with wallets growing exponentially year-over-year.

Tether has announced that Abu Dhabi's Financial Services Regulatory Authority has approved the company's U.S. dollar-pegged stablecoin as an accepted virtual asset. According to the announcement on Dec.

Tether announced that its stablecoin, the USD₮ has been accepted as a virtual asset (AVA) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). This means that authorized persons who operate and are licensed by the FSRA, ADGM's regulatory body can offer pre-approved services related to USD₮.

The FSRA of the Abu Dhabi Global Market (ADGM) has officially recognized USDT (Tether) as an Accepted Virtual Asset (AVA).

Abu Dhabi Global Market regulators have approved Tether's USD₮ as an accepted virtual asset, opening the door to USDT financial services.

Abu Dhabi Global Market regulators have approved Tether's USDT as an accepted virtual asset, opening the door to USDT financial services.

In a latest development, the stablecoin giant Tether, has announced the acceptance of USDT by the Financial Services Regulatory Authority (“FSRA”) as an Accepted Virtual Asset in the Abu Dhabi Global Market.

FSRA officially lists USDT as an Approved Virtual Asset (AVA) for ADGM.

Binance has announced that it will launch the viral meme coin SPX6900 in the form of the SPXUSDT Perpetual Contract with up to 75x leverage, alongside Raydium, Koma Inu, and Virtuals Protocol.

Tether continued to rake in billions from its leading stablecoin. But, this year, it also invested more widely, in payments, telecoms, AI and bitcoin mining.

The market cap has increased tenfold in a few months, surpassing Solana.

Tether's USDT has reached 109 million wallets with strong retail user adoption, primarily through centralized platforms and emerging markets, while maintaining 97.5% market dominance across 25 blockchains.

Stablecoin issuer Tether reported 109 million on-chain wallets holding USDT at the start of the fourth quarter, according to a Dec. 9 report. The growth positions USDT as one of the most utilized digital assets, with its wallet numbers approaching Ethereum levels and far surpassing those of Bitcoin.

The report underscores USDT's pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether's second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024.