BTCC
/
BTCC Square
/
CoindeskEN
/
Circle Secures Abu Dhabi Regulatory Greenlight as USDC Market Cap Soars to $62B
Circle Secures Abu Dhabi Regulatory Greenlight as USDC Market Cap Soars to $62B
16
3
Abu Dhabi’s Financial Services Authority (FSA) just handed Circle a golden ticket—full regulatory approval for its stablecoin operations. Meanwhile, USDC’s market cap punches through $62 billion, proving institutional demand isn’t just hype.
Why it matters: The UAE’s crypto sandbox is becoming a fortress. With this move, Circle bypasses the regulatory purgatory plaguing US crypto firms—while Wall Street still debates whether to ’adopt’ or ’attack’ digital assets.
Bonus jab: TradFi banks watching from sidelines—still waiting for their ’blockchain, not Bitcoin’ moment to pay off.
By:
