USDC Issuer Circle Secures Regulatory Greenlight in Abu Dhabi
Circle, the issuer of the USDC stablecoin, has received initial approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This milestone clears the path for the company to obtain a full Financial Services Permission within the Abu Dhabi Global market (ADGM), supporting its expansion strategy for compliant digital asset services across the Middle East and Africa.
The regulatory approval follows Circle’s establishment in ADGM in December 2024. As the second-largest USD-pegged stablecoin, USDC is poised to see increased institutional adoption as Circle expands its presence in regulated digital finance ecosystems.