Circle Secures UAE Approval to Boost USDC Operations in the Middle East

The post Circle Secures UAE Approval to Boost USDC Operations in the Middle East appeared first on Coinpedia Fintech News

Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments network to grow USDC adoption. Meanwhile, the firm remains in a quiet period following its IPO filing in the United States.