Tether Gold Recognized as Accepted Spot Commodity in Abu Dhabi Global Market, TVL Tripled to $2.86B

Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM) on July 20, allowing regulated firms in the international financial center to offer services involving the tokenized gold asset if they hold required regulatory permissions. The recognition extends Tether's regulated product lineup in one of the Middle East's largest financial centers, following ADGM's earlier acceptance of USDT.

According to DefiLlama data, Tether Gold's total value locked has more than tripled over the past year, rising from approximately $826 million to roughly $2.86 billion.