Circle, the issuer of $USDC, has secured a full Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM), giving the company a major entry point into the UAE’s regulated digital-asset ecosystem. The approval allows Circle to operate as a licensed Money Services Provider and expand the use of $USDC for payments, settlements, and financial services across the region. As part of its Middle East push, the company has also appointed Dr. Saeeda Jaffar formerly a senior leader at Visa to head operations in the Middle East and Africa. This move highlights the UAE’s rapid rise as a global crypto hub, especially after recent approvals granted to Binance. With clearer regulatory frameworks and growing adoption, stablecoins like $USDC are becoming increasingly important for cross border payments and real world financial use cases, particularly in regions where traditional banking access remains limited or expensive.$USDC