2024

Million

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Avalanche

Status

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>FSRA officially lists USDT as an Approved Virtual Asset (AVA) for ADGM.</em></li>  
 <li><em>The approval includes USDT on Ethereum, Solana, and Avalanche networks, enhancing accessibility.</em></li>  
 <li><em>FSRA-licensed entities can </em>now<em> offer pre-approved USDT-related services, strengthening Abu Dhabi’s digital asset ecosystem.</em></li> 
</ul>  
<h5 class="wp-block-heading"><strong><a href="https://tether.io/news/tethers-usdt-recognized-as-accepted-virtual-asset-in-adgm/" data-type="link" data-id="https://tether.io/news/tethers-usdt-recognized-as-accepted-virtual-asset-in-adgm/" rel="noopener noreferrer nofollow">The Abu Dhabi Financial Services Regulatory Authority (FSRA) has officially </a>approved Tether USDT virtual asset as an Approved Virtual Asset (AVA) for the Abu Dhabi Global Market (ADGM). </strong></h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-White-85.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-White-85-1024x576.jpg" alt="Abu Dhabi Market Declares Tether USDT Virtual Asset Status" class="wp-image-296304"></a>
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<h2 class="wp-block-heading" id="tether-usdt-officially-recognized-as-virtual-asset">Tether USDT Officially Recognized as Virtual Asset</h2>  
<p>This approval enables FSRA-licensed entities to offer pre-approved services related to Tether USDT virtual assets, solidifying its position as a reliable and trusted digital asset for various financial applications. Notably, the authorization extends to USDT operating on the Ethereum, Solana, and Avalanche networks, ensuring seamless integration and accessibility for diverse users.</p>  
<p>By recognizing <a href="https://coincu.com/291856-usdt-daily-net-inflow-surges-past-1-3-billion/" data-type="link" data-id="https://coincu.com/291856-usdt-daily-net-inflow-surges-past-1-3-billion/" rel="noopener noreferrer nofollow">Tether USDT </a>virtual assets as an AVA, the FSRA aims to foster innovation while maintaining stringent regulatory standards. This decision reflects <a href="https://coincu.com/265357-hashed-expands-to-abu-dhabi-for-korean-startups/" data-type="link" data-id="https://coincu.com/265357-hashed-expands-to-abu-dhabi-for-korean-startups/" rel="noopener noreferrer nofollow">Abu Dhabi</a>’s commitment to positioning itself as a global hub for digital assets and blockchain technology. Market participants within the ADGM can now leverage USDT’s benefits, including its stability and widespread adoption, to enhance their financial offerings.</p>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/296101-tether-on-chain-wallets-reach-109-million/" data-type="link" data-id="https://coincu.com/296101-tether-on-chain-wallets-reach-109-million/" rel="noopener noreferrer nofollow">Tether On-chain Wallets Reach 109 Million By Q4 2024</a></p>  
<h2 class="wp-block-heading" id="fsra-approved-entities-can-offer-usdt-services">FSRA-Approved Entities Can Offer USDT Services</h2>  
<p>Paolo Ardoino, CTO of Tether, welcomed the approval, stating, “This recognition underscores the growing importance of USDT as a vital component of the digital financial landscape. It aligns with our vision of promoting financial inclusion and innovation worldwide.”</p>  
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<p>Tether USDT virtual asset continues to gain traction among governments and regulators, paving the way for broader adoption of digital assets in regulated environments. The FSRA’s decision is expected to bolster investor confidence and attract more participants to the region’s digital asset ecosystem.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure>   <a href="https://coincu.com/?p=296290" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Abu Dhabi Market Declares Tether USDT Virtual Asset Status

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