Tether Gold XAU₮ Wins ADGM Approval in UAE
Tether Gold (XAU₮) wins ADGM approval, allowing regulated firms in Abu Dhabi to offer services tied to tokenized gold. The United Arab Emirates has taken another step in expanding its regulated crypto market. Tether Gold (XAU₮) has received recognition as an Accepted Spot Commodity within Abu Dhabi Global Market (ADGM). The move gives licensed firms a regulated route to provide services linked to the tokenized gold asset. It also strengthens the UAEs growing role in digital assets and tokenized real-world assets. Tether Gold XAU₮ Approved Under ADGM Spot Commodity Framework Tether announced on July 20 that ADGM now recognizes XAU₮ as an Accepted Spot Commodity. The company shared the update through its official website and confirmed it through its official X account. Tethers XAU₮ Recognized as Accepted Spot Commodity in ADGM The approval allows firms operating within ADGM to offer products and services involving XAU₮. Those firms must still hold the required regulatory permissions before supporting the token. According to Tether, the recognition followed continued discussions with ADGM. Those engagements focused on demonstrating the projects compliance standards, transparency, and operational resilience. XAU₮ represents ownership of physical gold on the blockchain. Each full token corresponds to one troy ounce of gold stored in a London Good Delivery bar, giving users digital access