The recognition allows regulated firms in Abu Dhabi Global Market to offer services involving Tether Gold as tokenized commodities gain broader adoption.
XAUT, Tether's gold token, was recognized as an accepted spot commodity within Abu Dhabi's ADGM financial center. Companies registered in ADGM will be able to offer services linked to XAUT, subject to their own corresponding regulatory authorizations. The tokenized real-world asset market exceeds $31 billion, compared to approximately $6.6 billion recorded a year ago.
Kraken Tether Gold Listing Adds A Commodity-Backed Twist To Crypto Trading Menus is the kind of crypto story that looks simple at headline level but becomes more useful once you place it inside the wider market backdrop. Not every exchange