USDT officially approved for institutional investors in the UAE
The Abu Dhabi regulator has authorized licensed institutional market participants to use the stablecoin USDT. This significant development advances the digital finance sector in the region, enabling companies to offer services with USDT across several major blockchains.
Source Tether
Supported blockchains include Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON, providing broad opportunities for integration and scaling of digital assets. This move is expected to attract more institutional investors to the crypto ecosystem.
The legalization of USDT in Abu Dhabi is likely to strengthen the region’s position as a global financial hub and stimulate innovation in blockchain technology and digital currencies.
