Stablecoin News: USDC Issuer Circle (CRCL) Gets Abu Dhabi License in Middle East Expansion
USDC issuer Circle secured a Financial Services Permission license from Abu Dhabi's ADGM to expand its stablecoin services in the UAE.Summary
Circle, the issuer of the USDC stablecoin, announced it has obtained a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM), granted by its Financial Services Regulatory Authority (FSRA). This license formalizes Circle's entry into the UAE's regulated crypto ecosystem, allowing it to operate as a Money Services Provider within the financial free zone. To lead its expansion in the Middle East and Africa region, Circle appointed Dr. Saeeda Jaffar, formerly of Visa, as managing director. This regulatory approval enables Circle to offer USDC for business payments and settlements across the UAE, following USDC's earlier registration in Dubai. The move aligns with the UAE's growing status as a hub for regulated digital assets, coming shortly after Binance also secured key licenses from ADGM.
(Source：CoinDesk)