Circle obtains regulatory approval in Abu Dhabi to expand in the Middle East

Circle received preliminary approval from Abu Dhabi regulators, getting closer to launching regulated stablecoin services and expanding the global adoption of USDC.

The issuer of the USDC stablecoin, Circle, has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company announced on April 29.