Circle secures ADGM license, boosting UAE presence and making USDC and EURC easier to use in the MEA region.
Dr. Saeeda Jaffar joins Circle MEA to guide strategy, build partnerships, and speed up digital dollar adoption.
Clear rules in Abu Dhabi let Circle safely offer digital money services to businesses and financial players.
Circle Internet Group, Inc. (NYSE: CRCL) has secured a Financial Services Permission (FSP) license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
This license allows Circle to operate as a Money Services Provider in Abu Dhabi’s International Financial Centre. The move strengthens Circle’s strategic presence in the UAE and builds on the recognition of USDC and EURC as the first stablecoins under the Dubai International Financial Centre’s crypto token regime earlier this year.
The company also announced the appointment of Dr. Saeeda Jaffar as Managing Director for Circle Middle East & Africa. Dr. Jaffar, previously Senior Vice President and Group Country Manager for the Gulf Cooperation Council at Visa, will lead Circle’s regional strategy. Besides deepening partnerships with financial institutions, she will accelerate adoption of trusted digital dollars and onchain payment solutions across the UAE and the broader MEA markets.
Regulatory Clarity and Strategic Growth
Circle’s CEO Jeremy Allaire emphasized the importance of regulatory clarity. “Regulatory clarity is the foundation of a more open and efficient internet financial system. We are honored to work with the FSRA in ADGM. Their framework sets a high bar for transparency, risk management, and consumer protection—standards that enable trusted stablecoins to power real-world payments and finance at internet scale.” The FSP license provides Circle with a foundation to expand regulated payment and settlement solutions for businesses, developers, and financial institutions in the UAE.
Additionally, the FSRA license supports ADGM’s objective of encouraging responsible innovation. “Circle’s regulated presence in ADGM reinforces our ambition to build a trusted, institutional-grade digital asset ecosystem in Abu Dhabi,” said Arvind Ramamurthy, Chief Market Development Officer at ADGM. As a result, this collaboration indicates the region’s increasing confidence in the adoption of digital assets and paves the way for scalable, legal financial technology solutions.
Circle may expedite its on-chain payment solutions throughout the MEA region with this regulatory license. Dr. Jaffar’s leadership also provides a network for strategic alliances and important local knowledge. Circle’s strategy supports the UAE’s goal of an open and technologically advanced financial system while demonstrating a dedication to openness and responsible innovation.
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Circle Secures Key Regulatory License in UAE, Expands MEA Presence
Circle secures ADGM license, boosting UAE presence and making USDC and EURC easier to use in the MEA region.
Dr. Saeeda Jaffar joins Circle MEA to guide strategy, build partnerships, and speed up digital dollar adoption.
Clear rules in Abu Dhabi let Circle safely offer digital money services to businesses and financial players.
Circle Internet Group, Inc. (NYSE: CRCL) has secured a Financial Services Permission (FSP) license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
This license allows Circle to operate as a Money Services Provider in Abu Dhabi’s International Financial Centre. The move strengthens Circle’s strategic presence in the UAE and builds on the recognition of USDC and EURC as the first stablecoins under the Dubai International Financial Centre’s crypto token regime earlier this year.
The company also announced the appointment of Dr. Saeeda Jaffar as Managing Director for Circle Middle East & Africa. Dr. Jaffar, previously Senior Vice President and Group Country Manager for the Gulf Cooperation Council at Visa, will lead Circle’s regional strategy. Besides deepening partnerships with financial institutions, she will accelerate adoption of trusted digital dollars and onchain payment solutions across the UAE and the broader MEA markets.
Regulatory Clarity and Strategic Growth
Circle’s CEO Jeremy Allaire emphasized the importance of regulatory clarity. “Regulatory clarity is the foundation of a more open and efficient internet financial system. We are honored to work with the FSRA in ADGM. Their framework sets a high bar for transparency, risk management, and consumer protection—standards that enable trusted stablecoins to power real-world payments and finance at internet scale.” The FSP license provides Circle with a foundation to expand regulated payment and settlement solutions for businesses, developers, and financial institutions in the UAE.
Additionally, the FSRA license supports ADGM’s objective of encouraging responsible innovation. “Circle’s regulated presence in ADGM reinforces our ambition to build a trusted, institutional-grade digital asset ecosystem in Abu Dhabi,” said Arvind Ramamurthy, Chief Market Development Officer at ADGM. As a result, this collaboration indicates the region’s increasing confidence in the adoption of digital assets and paves the way for scalable, legal financial technology solutions.
Circle may expedite its on-chain payment solutions throughout the MEA region with this regulatory license. Dr. Jaffar’s leadership also provides a network for strategic alliances and important local knowledge. Circle’s strategy supports the UAE’s goal of an open and technologically advanced financial system while demonstrating a dedication to openness and responsible innovation.
The post Circle Secures Key Regulatory License in UAE, Expands MEA Presence appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.