The issuer of stablecoins Circle has received provisional approval from the Abu Dhabi Global Market (ADGM) Financial Regulatory Authority to operate as a money services provider in Abu Dhabi. This decision, announced on April 29, 2025, paves the way for Circle to expand its operations in the Middle East. Circle, known for its stablecoin USDC, which holds over 31% of the market share of stablecoins on Ethereum, aims to strengthen its presence in a region where the digital economy is rapidly developing.