#AbuDhabiStablecoin Circle Company, the issuer of the USDC stablecoin, received preliminary approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. In the future, this will allow the firm to operate in the local market as a financial services provider (FSP).

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