[Tether's USDT Officially Recognized as a 'Fiat-Backed Token' by Abu Dhabi Regulator] According to a report by Jinse Finance, Tether's stablecoin USDT has been officially recognized as a 'fiat-backed token' in the Abu Dhabi Global Market (ADGM). Licensed institutions are permitted to provide regulated custody and trading services, marking a significant step forward for the UAE in stablecoin regulation.