UAE Approves Circle as Authorized Stablecoin Issuer and Money Services Provider
Circle, the issuer of the USDC stablecoin, has received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a money services provider.
This marks a significant step in Circle’s expansion in the UAE, following its incorporation in ADGM in December 2024. CEO Jeremy Allaire praised the UAE’s proactive stance on digital finance, emphasizing that regulatory clarity can drive innovation.
Circle’s approval reflects its commitment to compliance and transparency, ensuring long-term trust in stablecoins. Additionally, Circle announced a partnership with Hub71, Abu Dhabi’s tech ecosystem, to strengthen innovation in the digital assets space.
Clever Robot News Desk 5th May 2025
