🎉 Tether's USD₮ stablecoin just got the VIP treatment from the Abu Dhabi Global Market (ADGM)! Now officially recognized as an Accepted Virtual Asset, USDT is ready to mingle with licensed financial service providers in the UAE.
- This move aligns with the UAE's ambition to be a digital finance superstar.
- USDT's market cap is flexing at over $138 billion, solidifying its title as the stablecoin heavyweight champ.
- Meanwhile, the FSOC in the U.S. is throwing shade, warning about stablecoin risks. But hey, who doesn't love a little drama in the crypto world?