CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinDesk 2024-12-10 18:28:41

Companies Can Now Offer USDT Services in Abu Dhabi

Tether's stablecoin USD₮ has been recognized as an accepted virtual asset in the Abu Dhabi Global Market (ADGM), the company announced on Tuesday . The approval from the Financial Services Regulatory Authority means that companies which are licensed can offer pre-approved USD₮ services in Abu Dhabi's Global Market. Though, the release did not say what those approved services might be. CoinDesk reached out to Tether for comment. Tether 's USD₮ exceeded a $138 billion market cap but the company wants to continue advancing its growth, the statement said. “By bringing USD₮ to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration and growth across the Middle East,” said Paolo Ardoino, CEO of Tether, in a press release. The United Arab Emirates has been praised for being a crypto hub . Abu Dhabi, its capital, started regulating crypto activities including those undertaken by exchanges and custodians in 2018 ahead of most regulators. The European Union will begin enforcing its rules in the coming days and the U.K. by 2026 . Circle, another stablecoin issuer, is also diving into the Middle East after incorporating a company in the ADGM , it said in a statement.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约