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Tether's USD₮ is recognized by ADGM as acceptable virtual assets
ChainCatcher news, Tether announced that the Financial Service Regulatory Authority (FSRA) has accepted USD₮ as an acceptable virtual asset (AVA) for the Abu Dhabi Global Market (ADGM). This approval allows FSRA licensed and regulated entities to offer pre-approved services related to USD₮, enhancing the region's leadership in digital asset innovation. This announcement comes against the backdrop of the United Arab Emirates (UAE) increasingly embracing Digital Money, reflecting the country's proactive integration of traditional and digital finance practices.