Circle has received in-principle approval to operate its USD Coin (USDC) stablecoin in the United Arab Emirates (UAE). This regulatory move aligns with Circle’s broader expansion into the Middle East and underscores their commitment to Web3 innovation. The company partnered with Hub71, a hub for blockchain and digital asset companies, to drive further development within the UAE. This approval is expected to boost USDC adoption in the UAE, especially for DeFi projects seeking stablecoin functionality. This development could set a precedent for regulatory frameworks in neighboring countries, attracting crypto innovation globally. The move comes as Circle’s success in securing regulatory approvals aligns with similar initiatives in Europe and Japan, driving greater market penetration.