Circle Secures Crucial Approval for Stablecoin Expansion in Abu Dhabi

Circle’s recent approval marks a major step forward in its global strategy for stablecoin expansion, specifically targeting the Middle East and Africa. In December 2024, Circle established a new legal entity within the ADGM jurisdiction to solidify its presence in the region. This move comes on the heels of Circle’s ongoing commitment to expand its influence globally and contribute to responsible innovation in finance. The UAE’s role as a pioneering force for digital financial systems, according to Circle Co-founder and CEO Jeremy Allaire, aligns perfectly with Circle’s global expansion plans.