Tether’s USDT Conquers Blockchains Like a Desert King 🐪

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Gather ‘round, crypto peasants! Tether has just been knighted by Abu Dhabi Global Market (ADGM) as the proud issuer of USDT-the “Accepted Fiat-Referenced Token” (AFRT). A title so fancy, it requires a monocle to read. This royal decree allows ADGM’s Financial Services Regulatory Authority (FSRA) to legally let companies play with USDT on blockchains like Aptos, Celo, Cosmos, and others. Because nothing says “trust” like spelling “Cosmos” in a sentence with “Kaia.” 🌌

The move? A masterstroke of bureaucratic theater. Tether claims they’ve been whispering sweet nothings to the FSRA about their “resilience, transparency, and compliance.” Translation: They sent 10,000 emails titled “URGENT: USDT IS LEGIT.” This expands USDT’s ADGM footprint from Ethereum, Solana, and Avalanche to a “multi-chain framework.” Because why settle for one blockchain when you can have all of them? 🤯

Interoperability: The New Black

With this latest win, USDT becomes the Swiss Army knife of stablecoins-perfect for trading, DeFi apps, and probably even paying your camel jockey. Tether CEO Paolo Ardoino, channeling Genghis Khan, declared: “The UAE is the Leonardo DiCaprio of digital asset regulation. Tether is proud to be its ‘Titanic’-a sinking ship, but with better marketing.” 🛥️

“The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership. This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale. Introducing USDT within ADGM’s regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape. It also creates fresh opportunities for collaboration and growth throughout the Middle East. By extending recognition to USDT on several major blockchains, ADGM further strengthens Abu Dhabi’s position as a global hub for compliant digital finance.”

In November, Tether invested in Ledn, a Bitcoin lending platform. Because who doesn’t want to take out a loan without selling their BTC? Ledn offers “risk management tools” (read: hope), custody (read: pray), and liquidation systems (read: panic). Tether’s goal? To make real-world credit markets feel as exciting as watching paint dry. 🎨

Circle’s UAE Expansion

Meanwhile, Tether’s arch-nemesis, Circle, is busy securing its own ADGM license. They’ve hired Dr. Saeeda Jaffar, a former Visa executive, to “oversee regional operations.” Her mission? To push USDC and “on-chain payment solutions” across the Middle East. Because nothing says “trust” like a LinkedIn profile with the word “executive” used 17 times. 🧾

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2025-12-10 03:04