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The company announced on April 29 that the source circle of USDC Stablecoin Security has received Circle Stablecoin Dircer (IPA) from the FSRA regulatory authority in the Abu Dhabi Global Market (ADGM), the company announced on April 29.
The approval of the department is close to obtaining a full financial permission license (FSP), which allows it to work as an organized money services provider in the United Arab Emirates, the company He said In an official press release.
Jeremy Aller, co -founder of Serkel CEO, said that the approval “provides our strategy to create deep roots in the markets that adopt the ONSAIN economy.” He added:
“It also confirms Circle’s permanent commitment to global supervision of Stablecoin – strengthening confidence, compliance and dependence around the world, with a flexible basis for the financial system of the Internet.”
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Circle Partners with Hub71
In addition to organizational progress, Circle announced a partnership with Hub71, the ecosystem of technology in Abu Dhabi. As part of cooperation, the two companies plan to work together on projects within the ADGM digital regulatory fund.
Circle will also join the Assets Digital Assets in HUB71, sharing its experience with a community of more than 500 startups and technical investors.
The pioneering USDC icon in Circle is the second largest stablecoin in terms of market value. As of now, there are codes of $ 62.03 billion (USDC) in trading, according to data from Coinmarketcap.
Meanwhile, Circle was pushing for new global markets amid a growing interest in Stablecoins.
In July 2024, Circle became the first global source of Stablecoin in line with the European Union markets in organizing encrypted assets (MICA).
In Japan, Circle expanded its presence through partnership with SBI Holdings. On March 26, 2025, SBI VC Trade, a subsidiary of SBI Holdings, launched a USDC trading, making it the first Stablecoin approved under the Japanese regulatory framework.
Related to: Circle Executive denies the requests to search for a bank license for us
The United Arab Emirates aims to set the main main Web3 axis
The United Arab Emirates is actively working to establish itself as a global center for Web3, as it takes advantage of the gradual organization and strategic partnerships to attract leading digital asset companies.
In August 2024, the country ranked third in the Henley & Partners, an investment immigration consulting company.
On April 6, the Dubai Real Estate and Current Organizational Authorities signed a new agreement aimed at expanding the accreditation of digital assets in the real estate sector. The agreement will link the real estate registry in Dubai with the code of property through the governance system.
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