“The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.”, — write: www.coindesk.com
The license, issued by ADGM’s Financial Services Regulatory Authority (FSRA), allows Circle to operate as a Money Services Provider inside the financial free zone, following the preliminary approval in April.
Alongside the approval, the firm also appointed Dr. Saeeda Jaffar to lead operations in the Middle East and Africa region as managing director, joining from payments processing giant Visa, the company said.
The license opens the door for the company to offer its USDC stablecoin in business payments, settlements and other financial use cases across the UAE. The regulatory nod follows Circle’s recognition in Dubai earlier this year, where USDC and its euro-backed counterpart EURC became registered under the Dubai Financial Services Authority’s crypto regime.
The UAE emerged as a key global hub for regulated digital asset businesses. Circle’s approval comes only a day after crypto giant Binance obtained licenses from Abu Dhabi’s Financial Services Regulatory Authority for exchange, clearing, and brokerage operations.
Stablecoins like USDC are increasingly becoming part of the global financial system as regulatory guardrails are being put in place for the fast-growing, $300 billion asset class. Their popularity is rising as tools for cross-border payments, particularly in regions where access to traditional banking infrastructure is limited or costly.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
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