Circle Secures Regulatory Nod to Expand in Middle East

Circle, the issuer of the USD Coin (USDC) stablecoin, has received an in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA). This crucial step will allow Circle to obtain a full Financial Services Permission (FSP) license, paving the way for its operation as a regulated money services provider within the United Arab Emirates. The company announced this development on April 29th.