Foresight News reports that, according to The Block, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted Circle, the stablecoin issuer, a principle approval, allowing it to operate as a monetary service provider. Previously, Circle, the USDC issuer, established a legal entity within ADGM in December 2024.
Circle receives in-principle approval from Abu Dhabi regulator to operate as a money services provider
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