{"id":41037,"date":"2025-04-29T20:00:56","date_gmt":"2025-04-29T17:00:56","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=41037"},"modified":"2025-04-29T17:22:08","modified_gmt":"2025-04-29T14:22:08","slug":"circle-gains-momentum-in-the-middle-east-with-abu-dhabi-green-light","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/circle-gains-momentum-in-the-middle-east-with-abu-dhabi-green-light\/","title":{"rendered":"Circle Gains Momentum in the Middle East with Abu Dhabi Green Light"},"content":{"rendered":"<p class=\"\" data-start=\"73\" data-end=\"487\">US-based stablecoin issuer <a href=\"https:\/\/coinengineer.net\/blog\/upbit-lists-sign-token-price-surges-by-70\/\"><strong data-start=\"100\" data-end=\"110\">Circle<\/strong> <\/a>has secured <strong data-start=\"123\" data-end=\"148\">in-principle approval<\/strong> from the <strong data-start=\"158\" data-end=\"187\">Abu Dhabi Global Market\u2019s<\/strong> Financial Services Regulatory Authority (FSRA), signaling its intent to deepen operations in the Middle East. This milestone brings the firm closer to obtaining a full <strong data-start=\"356\" data-end=\"395\">Financial Services Permission (FSP)<\/strong>, which would enable it to function as a fully regulated money services provider in the UAE.<\/p>\n<p class=\"\" data-start=\"489\" data-end=\"767\">Circle CEO <strong data-start=\"500\" data-end=\"518\">Jeremy Allaire<\/strong> emphasized that this approval aligns with the company\u2019s long-term vision of embedding itself in jurisdictions that support the <strong data-start=\"646\" data-end=\"665\">onchain economy<\/strong>. He also underlined Circle\u2019s continued commitment to <strong data-start=\"719\" data-end=\"751\">responsible global oversight<\/strong> of stablecoins.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/circle-gains-momentum-in-the-middle-east-with-abu-dhabi-green-light\/#Strategic_Alliance_with_Hub71\" title=\"Strategic Alliance with Hub71\">Strategic Alliance with Hub71<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/circle-gains-momentum-in-the-middle-east-with-abu-dhabi-green-light\/#USDCs_Expanding_Footprint\" title=\"USDC\u2019s Expanding Footprint\">USDC\u2019s Expanding Footprint<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"769\" data-end=\"802\"><span class=\"ez-toc-section\" id=\"Strategic_Alliance_with_Hub71\"><\/span>Strategic Alliance with Hub71<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"804\" data-end=\"1093\">Alongside regulatory progress, Circle revealed a new collaboration with <strong data-start=\"876\" data-end=\"885\">Hub71<\/strong>, Abu Dhabi\u2019s leading tech innovation ecosystem. Through this partnership, Circle will contribute to <strong data-start=\"986\" data-end=\"1017\">regulatory sandbox projects<\/strong> within the ADGM and play an active role in advancing blockchain innovation.<\/p>\n<p class=\"\" data-start=\"1095\" data-end=\"1290\">The company will also become part of Hub71\u2019s digital asset group, engaging with a network of over 500 startups and investors and sharing its expertise in blockchain infrastructure and compliance.<\/p>\n<h2 data-start=\"1292\" data-end=\"1322\"><span class=\"ez-toc-section\" id=\"USDCs_Expanding_Footprint\"><\/span>USDC\u2019s Expanding Footprint<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1324\" data-end=\"1573\">Circle\u2019s flagship stablecoin, <strong data-start=\"1354\" data-end=\"1362\">USDC<\/strong>, is currently the <strong data-start=\"1381\" data-end=\"1399\">second-largest<\/strong> in the world by market cap, with more than <strong data-start=\"1443\" data-end=\"1458\">$62 billion<\/strong> in circulation. As global demand for stablecoins grows, Circle continues to break ground in key financial markets.<\/p>\n<p class=\"\" data-start=\"1575\" data-end=\"1963\">In <strong data-start=\"1578\" data-end=\"1591\">July 2024<\/strong>, Circle became the <strong data-start=\"1611\" data-end=\"1641\">first international issuer<\/strong> to fully align with the EU\u2019s <strong data-start=\"1671\" data-end=\"1706\">Markets in Crypto-Assets (MiCA)<\/strong> regulatory framework. In Asia, its partnership with <strong data-start=\"1759\" data-end=\"1775\">SBI Holdings<\/strong> paved the way for a historic moment on <strong data-start=\"1815\" data-end=\"1833\">March 26, 2025<\/strong>, when <strong data-start=\"1840\" data-end=\"1856\">SBI VC Trade<\/strong> launched USDC trading\u2014making it the first stablecoin officially approved under Japan\u2019s digital asset laws.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"2296\" data-end=\"2514\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based stablecoin issuer Circle has secured in-principle approval from the Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority (FSRA), signaling its intent to deepen operations in the Middle East. This milestone brings the firm closer to obtaining a full Financial Services Permission (FSP), which would enable it to function as a fully regulated money services<\/p>\n","protected":false},"author":29,"featured_media":34907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[15020,1114,488,5359],"class_list":["post-41037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-abu-dabi","tag-circle","tag-stablecoin","tag-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle Gains Momentum in the Middle East with Abu Dhabi Green Light - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/circle-gains-momentum-in-the-middle-east-with-abu-dhabi-green-light\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Circle Gains Momentum in the Middle East with Abu Dhabi Green Light - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"US-based stablecoin issuer Circle has secured in-principle approval from the Abu Dhabi Global Market\u2019s Financial Services Regulatory Authority (FSRA), signaling its intent to deepen operations in the Middle East. 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