Overview
- Abu Dhabi Global Market’s FSRA granted Circle a Financial Services Permission to operate as a regulated Money Services Provider.
- The license allows Circle to provide USDC-linked payment, settlement and digital‑asset services to businesses and institutions within the ADGM free zone.
- Circle named former Visa executive Dr. Saeeda Jaffar as managing director for Middle East and Africa to drive regional adoption.
- The approval builds on Dubai’s earlier DFSA recognition of USDC and EURC, giving Circle regulatory footing across both UAE financial centers.
- Circle’s entry comes alongside fresh ADGM approvals for major crypto firms including Binance and Tether, with reported partnerships such as Bybit aimed at expanding USDC distribution.