Circle Secures Abu Dhabi Regulatory Approval as USDC Market Cap Soars to $62B

Circle, the issuer of USDC, has received regulatory approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA), marking a significant milestone in its global expansion strategy.

The stablecoin giant now operates under full regulatory oversight in the UAE capital, just as USDC’s circulating supply surges past $62 billion - a figure that’s making traditional bankers sweat over their 0.5% yield products.

This approval positions Circle as the first global stablecoin issuer to secure an FSRA license, giving it a strategic foothold in the Middle East’s booming crypto ecosystem.

With USDC adoption growing 300% year-over-year in MENA markets, Circle’s regulatory win could accelerate institutional crypto adoption across oil-rich economies looking to diversify beyond petrodollars.