Circle Secures In-Principle Approval in Abu Dhabi, Expanding Global Reach

Stablecoin issuer Circle 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 milestone positions Circle to offer regulated digital asset services—such as stablecoin issuance and cross-border transfers—within the UAE, pending final authorization.

The move aligns with Circle’s global expansion strategy and reinforces Abu Dhabi’s rising status as a hub for crypto and digital finance. ADGM has established itself as a crypto-friendly jurisdiction, having recently approved firms like Paxos and eToro.

By entering the UAE market, Circle strengthens its presence in the Middle East and taps into a region eager to adopt blockchain innovation. The approval marks another step toward broader institutional acceptance of stablecoins and regulated crypto infrastructure.

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