Circle, the issuer of the stablecoin USDC, announced
Officially obtaining a financial services provider license (Money
Services Provider) in Abu Dhabi, United Arab Emirates
United States.
What is the significance of this event?
This step is considered strategic and important to enhance the presence of
stablecoins like USDC in the Gulf region.
It is expected to pave the way for significant expansion of the currency in the
regional and support digital payment and transfer operations in the Middle
Middle East.
USDC is considered one of the leading stablecoins in the world, and
This license provides additional support for its position in the financial
global markets.
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