Circle Gains Approval for $USDC Operations in Abu Dhabi, Expands in Middle East with Hub71

Circle, the issuer of the $USDC stablecoin, has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a money services provider. This approval is a key part of Circle’s Middle East expansion strategy. The approval allows Circle to move closer to obtaining a full Financial Services Permission (FSP), enabling the company to offer compliant financial services across the Middle East and Africa. This development aims to enhance the adoption of $USDC in the region, where digital assets are increasingly gaining traction. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io