Circle Secures Full License to Expand USDC Services in the UAE
Regulatory Milestone
Circle has achieved a major regulatory milestone by obtaining a Financial Services Permission (FSP) license from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA). This license allows Circle to operate as a fully regulated Money Services Provider within the UAE’s capital market free zone, marking a significant step in Abu Dhabi’s mission to become a global hub for regulated digital assets.
USDC Services Expansion
The approval enables Circle to offer regulated payment, settlement, and digital‑asset services tied to its USDC stablecoin. This move aligns with the UAE’s broader strategy to position itself as a leader in digital‑asset regulation, attracting firms seeking clear rules for fiat‑referenced tokens and tokenized financial services.
Leadership Appointment
To lead its regional expansion and drive USDC adoption, Circle has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa. Dr. Jaffar, formerly a senior executive at Visa, will guide Circle’s strategy, build regional partnerships, and promote the use of USDC in business payments and financial infrastructure across the UAE and beyond.
Regional Context
This development follows Dubai’s recognition of USDC and EURC under the Dubai Financial Services Authority’s (DFSA) crypto token regime, giving Circle regulatory coverage across both major financial zones in the UAE. The growing acceptance of digital assets in the region is further highlighted by recent regulatory approvals for Tether’s USDT stablecoin and Binance’s operations in ADGM.
Impact
Circle’s new license underscores the company’s commitment to expanding its regulated services in the UAE and contributes to the country’s vision of becoming a global leader in regulated digital assets.
