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Tether's USDT stablecoin has been recognized by Abu Dhabi Global Market for use across nine major blockchains, allowing licensed institutions to conduct regulated activities with USDT. This move enhances USDT's presence in the UAE's financial sector and supports its role in digital finance.
Circle has obtained a regulatory license in Abu Dhabi, enabling it to expand its payment and settlement services in the UAE. This move follows recent regulatory advancements in the region, including Tether and Binance securing their own licenses.