Abu Dhabi’s Big Crypto Win: Tether & Circle Get Major Approvals (You Won’t Believe It!)

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Well, well, well, if it isn’t the world of crypto pulling off a little “Abu Dhabi magic.” Tether and Circle-aka the big shots of the stablecoin world-have just managed to grab some serious regulatory love in the UAE’s shiny capital. 👏

Tether Gets All the Love as ARFT, Circle Scores FSP License. Who’s Winning Now?

In a turn of events that you definitely didn’t see coming, Tether and Circle have just secured approvals from Abu Dhabi Global Market (ADGM), the snazzy international financial center (and let’s be honest, tax haven) in Abu Dhabi. Who knew crypto would be playing so nice with the UAE? ✨

First off, Tether (you know, the USDT overlord) is officially recognized as an “Accepted Fiat-Referenced Token” (ARFT) in ADGM. Sure, this sounds a bit official and fancy, but basically, it means Tether can now operate on a whole bunch of blockchains-Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, TRON. Like, they’re everywhere now. I hope you’ve been keeping up. 😅

“By extending recognition to USD₮ on several major blockchains, ADGM strengthens Abu Dhabi’s position as a global hub for compliant digital finance,” said Paolo Ardoino, Tether’s CEO, clearly loving the sound of all those “compliant” words. 🙄

So, now, authorized ADGM peeps with licenses can do all sorts of regulated activities with USDT, which is totally important for all you finance geeks out there. Stablecoins, am I right? They’re basically the cool kids in the crypto world. 🤑

Meanwhile, over at Circle, they’re not slacking either. They’ve just been handed the coveted FSP license from ADGM, meaning they’re now officially allowed to operate as a Money Services Provider. I guess that’s just… more regulatory love in the crypto family. 💸

Arvind Ramamurthy, ADGM’s Chief Market Development Officer, had this to say:

Circle’s regulated presence in ADGM reinforces our ambition to build a trusted, institutional-grade digital asset ecosystem in Abu Dhabi. A fancy way of saying, “Hey, we want to be the global crypto kingpins, and we’re doing it in style.” 🏰

And don’t forget, Circle’s been busy elsewhere too. They got their stablecoins approved in Dubai back in February. So, it’s not just Abu Dhabi that’s feeling the crypto love. 💃

Thanks to their shiny new FSP license, Circle is now poised to expand their payment and settlement use cases in the UAE. They’re ready to help businesses, developers, and financial institutions get their digital money on, or whatever it is they do. 😂

Stablecoins are having a moment in 2025. They’re growing faster than your cousin’s TikTok following, setting records left and right. But, spoiler alert: they hit a little bump in October. 😬 The market cap of stablecoins dipped in mid-November. But, good news, they’re back in business-capital’s flowing in again, and a new record is just around the corner. 📈

So, while the stablecoin world is still riding high, Bitcoin’s not doing too shabby either. As of now, Bitcoin’s hanging around $90,100, up almost 4% in the last week. Can we just take a moment to appreciate that? 📊

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2025-12-10 02:25