Tether Gains Approval for USDT on Nine More Blockchains

Key Points:

  • Main event includes Tether’s regulatory approval.
  • Impacts usage on 12 chains total.
  • Facilitates institutional crypto transactions.

Tether Limited, having received approval from the Abu Dhabi Global Market, is now allowed to use USDT as an Accepted Fiat-Referenced Token on nine additional blockchains. The recognized blockchains include Aptos, Celo, and Cosmos, among others, adding to the previously approved Ethereum, Solana, and Avalanche networks. This development signals enhanced accessibility for regulated entities within ADGM to engage in activities involving USDT.

Paolo Ardoino, CEO of Tether, commended the regulatory approach of ADGM, stating, “This approval confirms USDT’s importance in global settlement markets and aligns with Abu Dhabi’s strategy to be a regulated digital‑asset hub.” – Source

The approval allows ADGM-authorized institutions to use USDT in their operations, potentially increasing liquidity and interoperability between digital finance and traditional banking systems. However, no immediate figures on funding or liquidity impact have been released. This recognition could drive further operational investments by Tether in the Middle East and support forthcoming initiatives, such as an AED-pegged stablecoin.

Tether has historically facilitated broad crypto adoption through multi-chain expansions, impacting decentralized finance liquidity and cross-chain transactions. The inclusion in ADGM’s framework builds on this by offering a structured platform for institutional involvement and compliance in crypto settlements, which could lead to increased regional investment and technological advancements in financial services.

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