USDT Gains Fiat Reference Token Qualification in ADGM, Expanding Regulated Cross-Border Settlements and Institutional Custody

COINOTAG News reported on December 9, citing Cointelegraph, USDT, the stablecoin issued by Tether, has earned the fiat reference token designation within the Abu Dhabi Global Market (ADGM). This status permits licensed institutions to conduct transactions, custody, and related services using USDT within a disciplined regulatory framework, marking a notable milestone for stablecoin activity under ADGM oversight.

The designation is expected to strengthen cross-border settlements and institutional custody use cases for USDT, as market participants seek compliant rails for payments and treasury operations. By aligning with ADGM governance, the move aims to enhance transparency, reduce counterparty risk, and support scalable adoption of stablecoins in regulated financial markets.