Circle Secures ADGM License to Boost Stablecoin Adoption in UAE

Circle has secured a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM), allowing it to operate as a regulated Money Services Provider in the UAE.
This move strengthens Circle's ability to expand stablecoin adoption across the Middle East, positioning it centrally in the UAE's digital-asset ecosystem.
The FSP license permits Circle to offer USDC-powered payment and financial tools to businesses and institutions in the region.
Dr. Saeeda Jaffar has been appointed as managing director for the Middle East and Africa, tasked with deepening local partnerships and integrating USDC into regional opportunities.
The UAE's regulatory environment supports digital finance growth, with frameworks from ADGM and Dubai’s DIFC providing clarity for stablecoin operations.
USDC and EURC have been recognized under Dubai’s crypto token regime, giving Circle visibility in major UAE financial zones.
Other major players like Binance and Tether are also receiving regulatory approvals, highlighting Abu Dhabi’s role as a hub for regulated stablecoin activity.
Circle's license facilitates wider USDC adoption for cross-border payments and digital-asset settlement, reflecting global trends in stablecoin acceptance.