Circle Company Obtains Preliminary License from Abu Dhabi Global Market (ADGM) to Provide Financial Services. Circle has received a preliminary license from the Abu Dhabi Global Market to operate digital financial services using the USDC stablecoin.

The license is part of Circle's expansion plan in the Middle East after establishing a legal entity in the UAE in December 2024.

Circle has signed a partnership with Lulu Financial to facilitate international transfers using USDC across Asia and Europe.

USDC is subject to international legal regulation, which enhances user trust and allows its use in stringent regulatory environments globally. The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has granted a preliminary license to Circle (Circle Internet Financial Ltd.), the issuer of the USDC stablecoin, to operate as a provider of digital financial services in the UAE.

This license is a pivotal step in Circle's strategy to expand its operations in the Middle East and Africa, following the establishment of a legal entity within the Abu Dhabi Global Market in December 2024.