Circle Secures Key License in UAE to Expand Stablecoin Adoption
- Circle has obtained a Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM).
- The license allows Circle to operate as a regulated Money Services Provider in the UAE, offering USDC-powered payment and settlement solutions.
- Dr. Saeeda Jaffar has been appointed as managing director for the Middle East and Africa to lead Circle’s regional expansion.
- USDC and EURC have been recognized under Dubai’s crypto token regime, enhancing Circle’s visibility in major financial zones.
- Binance also received full authorization under ADGM oversight, highlighting Abu Dhabi’s role as a hub for regulated stablecoin activity.
Circle’s acquisition of an FSP license from ADGM marks a significant step in its strategy to expand stablecoin adoption across the UAE, particularly through USDC integration into local markets and institutions.
This development underscores Abu Dhabi’s ambition to become a global leader in compliant digital-asset innovation, supported by regulatory frameworks that facilitate stablecoin use in cross-border finance and corporate applications. Source
