Tether Gold recognized by Abu Dhabi Global Market as an approved provider of spot commodity services
According to Odaily, stablecoin issuer Tether announced that its gold-backed token Tether Gold (XAU₮) has been recognized by Abu Dhabi Global Market (ADGM) as an “Accepted Spot Commodity”, opening the way for regulated entities within ADGM to provide XAU₮-related services.
Tether stated that this recognition was granted following ongoing dialogues with ADGM and demonstrations of its operational resilience, transparency, and compliance framework. This will support licensed firms in providing XAU₮ products and services within a regulated environment. Previously, the ADGM Financial Services Regulatory Authority (FSRA) recognized Tether’s US dollar stablecoin USD₮ as an “Accepted Fiat Referenced Token”. The recognition of XAU₮ further expands the application scope of Tether products within ADGM’s regulated ecosystem.
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