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BTCC / BTCC Square / Global Cryptocurrency /
Circle’s USDC Gains Regulatory Approval in Abu Dhabi as Money Service Provider

Circle’s USDC Gains Regulatory Approval in Abu Dhabi as Money Service Provider

Author:
Global Cryptocurrency
Published:
2025-04-29 11:02:33
15
2
USDC News -

Circle, the issuer of the USDC stablecoin, has received approval to operate as a money services provider in Abu Dhabi. This licensing represents a major step in the UAE’s strategy to position itself as a global hub for crypto-friendly regulation. Jeremy Allaire, Circle’s founder and CEO, commended the UAE for creating an environment conducive to innovative financial services.

The Abu Dhabi Global market (ADGM) acknowledged Circle’s compliance-focused approach, with Arvind Ramamurthy, Chief of Market Development, emphasizing its role in enhancing the emirate’s financial infrastructure. This development highlights the increasing institutional adoption of dollar-pegged stablecoins in regulated markets.

|Square

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