#AbuDhabiStablecoin

The company Circle, issuer of the USDC stablecoin, has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. This will allow the firm to operate in the local market as a Financial Services Provider (FSP).

It is worth noting that in December 2024, Circle registered a new subsidiary in this market and announced a partnership with the local company Lulu Financial Holdings.