“The Stablecoin Issuer Received in-Principle Approval from Adgm’s Financial Services Regulatory Authority to Operate As a Money Services Provider.”, – WRITE: www.coindesk.com
The Financial Services Regulatory Authority (FSRA) Of Abu Dhabi Global Market (ADGM) Granted The Company The Preliminary Green Light to Operate as a Money Services Provider, Ed. Incorporating in the Financial Hub Last December.
The Approval “Advances Our Strategy to Establish Deep Roots in Markets Embracing The Onchain Economy Tuesday.
The Company Also Announced A Partnership with Hub71, Abu Dhabi’s Tech Ecosystom, WHICH INCLUDES INITIATIVES IN ADGM’S DIGM’S Networks.
The Company Not Comment on Further Plans in the Region Due to A “Quiet Period” After Filing Paperwork in the Us to Be Listed As a Public Company, A Spokesperson Said.
Read More: Stablecoins Could Bring ‘Chatgpt’ Moment to Blockchain Adoption, Hit $ 3.7T by 2030: Citi
Circle’s Flagship USDC Token, Fully Reserved with Dollar Assets Such as Government Bonds, Is A Key Player in this Field With A $ 62 Billion Suppy, Up Over 40% in 2025.
As Regulations around Stablecoins Advance Globally, The Company Has Been Courting Global Jurisdices to Enter. Circle Claimed the Bragging Rights as the FIRGT LARGE STABLECOIN Issuer to Complly with the European Union’s Mica Regulations Last Year. IT ALSO LAUNCHED USDC LAST MONTH IN JAPAN WITH SBI HOLDINGS.
Last Week, Circle Unveils A Cross-Border Payments Network to Further Boost Stablecoin Use.
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