Circle the issuer of USDC stablecoin has obtained a license from Abu Dhabi's Abu Dhabi Global Market (ADGM) marking a significant expansion of its operations in the Middle East. This regulatory approval enables Circle to extend its USDC payment and settlement services throughout the United Arab Emirates. The license represents a strategic move for Circle as it continues to expand its global presence and establish partnerships with regulatory bodies in key financial markets. This development is particularly significant given the growing interest in digital assets and blockchain technology in the Middle East region. The ADGM license positions Circle to capitalize on the increasing adoption of digital currencies in the UAE and potentially serve as a gateway for further expansion across the Middle East and North Africa region.

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