the second largest in the world, has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

In simpler terms – Circle has been approved to operate as a money service provider in the UAE – and is getting closer to full licensing.

This gives the company a strategic foothold in a rapidly evolving digital finance region, while much of the world is still figuring things out.