Circle has received approval from the regulatory authorities of Abu Dhabi, does this mean it will follow with an initial public offering to enjoy a market value equivalent to 4 billion dollars?

Circle has succeeded in obtaining approval from the regulatory authorities in 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.

Its application for an initial public offering enables it to enjoy a market value equivalent to 4 billion dollars with support from JPMorgan and Citi.

Circle - the company issuing the stablecoin pair 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).32581017773