Circle Secures Abu Dhabi Regulatory Approval, Eyes $4B IPO

Circle, the issuer of USDC and EURC stablecoins, has obtained in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to operate as a licensed money services provider in the Abu Dhabi Global market (ADGM). This regulatory milestone strengthens Circle’s foothold in the UAE and accelerates its global expansion strategy.

The company’s partnership with Hub71 provides sandbox access and startup grants, further embedding Circle within Abu Dhabi’s financial ecosystem. With backing from JP Morgan and Citi, Circle is now positioning for a potential $4 billion IPO—a move that could solidify its role as a bridge between traditional finance and digital assets.

Market observers note that ADGM’s progressive crypto framework makes Abu Dhabi an increasingly strategic hub for blockchain enterprises. Circle’s regulatory progress here may serve as a blueprint for other stablecoin issuers seeking global compliance pathways.