PANews reported on December 9th that, according to its official blog, Tether announced that its stablecoin USDT, issued on multiple major blockchains, has been recognized as an "Accredited Fiat Reference Token" (AFRT) by the Abu Dhabi Global Market (ADGM). This recognition enables institutions authorized by the ADGM Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USD stablecoins on blockchains such as Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.

This approval follows ADGM's previous recognition of USD stablecoins on the Ethereum, Solana, and Avalanche blockchains. With this decision, Tether now has USD stablecoins recognized on almost all the major blockchains it supports, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.