Middle East crypto adoption stories

Jul 20, 2026

Tether Gold (XAU₮) Recognized as Accepted Spot Commodity by Abu Dhabi Global Market

The Abu Dhabi Global Market (ADGM) has officially recognized Tether Gold (XAU₮) as an Accepted Spot Commodity, allowing regulated firms within the international financial center to offer services involving the tokenized gold product subject to their own regulatory approvals.

Jul 20, 2026·8 sources

May 11, 2026

Crypto.com Becomes First UAE-Licensed Virtual Asset Payment Provider

Crypto.com's Foris DAX entity received the UAE's first Stored Value Facilities (SVF) license from the Central Bank, allowing it to offer crypto payment services in the country. This marks the first time a Virtual Asset Service Provider has obtained payment provider authorization in the UAE.

May 11, 2026·3 sources

Top claims

▪The physical gold backing Tether Gold is stored in secure vaults, primarily located in Switzerland.
▪Tether Gold competes with other tokenized gold products, including Paxos Gold and Perth Mint Gold Token.
▪The global market value of tokenized real-world assets exceeded $31 billion in July 2026, up from approximately $6.6 billion in July 2025.

Subtopics

Crypto regulation Digital asset regulation Tokenization Crypto exchanges Institutional crypto adoption Crypto payments regulation

Payments

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Middle East crypto adoption stories

Tether Gold (XAU₮) Recognized as Accepted Spot Commodity by Abu Dhabi Global Market

Crypto.com Becomes First UAE-Licensed Virtual Asset Payment Provider

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