🚀 Circle’s Big Move in the Middle East
Circle, the company behind USDC, just received a major boost. They've got the green light from Abu Dhabi's financial regulator to expand operations in the Middle East!
Here's the lowdown on why this matters:
- In-principle approval from Abu Dhabi Global Market (ADGM)
- Circle will operate as a money services provider in the region
- USDC is now $62B strong, growing 40% in 2025 alone
- Partnership with Hub71 to foster innovation and support startups
- Global expansion continues: Circle is already in Europe and Japan
🌍 Circle isn’t just growing in size; it's pushing stablecoins into global adoption. Stablecoins like USDC are becoming a real alternative to traditional banking—cheaper, faster, and ready for prime time.
Circle’s CEO, Jeremy Allaire, said it best: this is about establishing deep roots in markets embracing the onchain economy. And Abu Dhabi is a huge part of that strategy.
-> What does this mean for us? More use cases for stablecoins, more opportunities to innovate in payments and remittances, and even more regulatory clarity around crypto. Circle’s approach is making waves, and we’re just getting started.
