Circle has obtained approval from the regulatory authorities of Abu Dhabi, will it follow with an IPO to enjoy a market value equivalent to $4 billion?

Circle has succeeded in obtaining 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.

Its application for an IPO enables it to enjoy a market value equivalent to $4 billion, supported by JPMorgan and Citi.

Circle - the company behind the stablecoin pairs USDC and EURC - has made significant international progress after the Financial Services Regulatory Authority of the Emirate of Abu Dhabi (FSRA) granted it preliminary approval to operate as a licensed financial service 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).