Circle Internet Group, issuer of the USDC stablecoin, has received in-principle approval (IPA) from Abu Dhabi Global Market’s (ADGM) financial regulator. This is a key step toward full licensing to operate as a money services provider in the UAE.
This move supports Circle’s global regulatory expansion, following compliance with the EU’s MiCA regulation and approval in Japan. Circle is also partnering with Abu Dhabi’s tech hub, Hub71, to gain access to startups and regulatory sandbox opportunities.
CEO Jeremy Allaire called the UAE a leader in digital finance, and ADGM officials praised Circle’s innovation and credibility. The in-principle approval for Circle from Abu Dhabi Global Market now marks a key step toward full licensing to operate in the UAE.
This move reinforces Circle’s push for compliant digital finance in the Middle East and highlights its belief that strong regulation and innovation can coexist to advance global stablecoin adoption.
Image Credit: Pixabay
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