Abu Dhabi Global Market has granted Circle preliminary approval as a stablecoin issuer, enabling it to establish a financial foundation in the Middle East and Africa. Circle established a new legal entity under the regulatory authority in December 2024 to expand its international presence, stating that this decision aligns with its strategy to promote a robust stable Digital Money system globally.
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Abu Dhabi Global Market has granted Circle preliminary approval as a stablecoin issuer, enabling it to establish a financial foundation in the Middle East and Africa. Circle established a new legal entity under the regulatory authority in December 2024 to expand its international presence, stating that this decision aligns with its strategy to promote a robust stable Digital Money system globally.