#AbuDhabiStablecoin

Stablecoin Issuer Circle Gains Abu Dhabi In-Principle Approval Amid Global Expansion!!🚀

Circle has secured in-principle approval to operate as a money services provider in Abu Dhabi, marking a key step in its Middle East expansion.

Circle Internet Financial, the USDC stablecoin issuer, has received the in-principle approval from Abu Dhabi regulators. With the approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), the firm can now serve as a money services provider in the region.

Circle Brings New Capabilities to Investors in Abu Dhabi

Per the announcement, having an in-principle approval does not mean that Circle has bagged a full regulatory approval from ADGM. Instead, it shows that the stablecoin issuer is compliant and has met all the necessary requirements of the agency. As a result, it can conduct financial businesses in the region. The full approval may be a few weeks or months away.

In light of the recent development, Jeremy Allaire, Co-founder and CEO of Circle, noted that such approvals mark a way for the UAE to pave the way for responsible innovators interested in building the internet financial system. He claimed that the in-principle approval from ADGM advances the firm’s strategy to establish deep roots in specific markets.

Circle is keen on markets embracing the onchain economy and those creating new pathways for investment and innovation in the region. Little wonder that it became the first stablecoin issuer to comply with the EU’s Markets in Crypto Assets (MiCA) regulation after securing an Electronic Money Institution (EMI) license from France’s banking regulator (ACPR).

The milestone reflects the company’s enduring commitment to global stablecoin oversight. The goal is to strengthen trust, compliance, and adoption worldwide without compromising the resilient foundation for the internet financial system.