$USDC

Circle has received approval from the regulatory authorities of Abu Dhabi. Will it follow up with an IPO to enjoy a market value equivalent to 4 billion dollars?

Circle has successfully obtained approval from the regulatory authorities of the Emirate of Abu Dhabi, bringing it closer to dominating the UAE market.

Its partnership with Hub71 allows access to its pilot tests and grants dedicated to startups.

Submitting its request for an IPO enables it to enjoy a market value equivalent to 4 billion dollars with the support of JPMorgan and Citi.

Circle - the company behind the stablecoin pairs USDC and EURC - has made significant international progress after being granted initial approval by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi to operate as a licensed financial services provider in the Abu Dhabi Global Market (ADGM); a step that paves the way for the company's global expansion and brings it closer to its planned initial public offering (IPO).