The post Circle Gets Green Light to Expand Services in Abu Dhabi appeared on BitcoinEthereumNews.com.

Circle received In-Principle Approval from Abu Dhabi’s FSRA to offer digital financial services in the UAE. Circle launched a real-time payment network aiming to modernize cross-border transactions and reduce dependency on traditional systems. Circle is now increasingly firmly established in the Middle East. In April 2025, the company behind the USDC stablecoin successfully obtained In-Principle Approval from the Financial Services Regulatory Authority (FSRA) at the Abu Dhabi Global Market. With this approval, Circle is one step away from obtaining a full license to offer financial services in the United Arab Emirates. What does that mean? They are allowed to open stablecoin-based remittance and payment services directly from Abu Dhabi. 🚨 BREAKING 🚨 🇦🇪 $USDC issuer Circle receives approval to operate as money services provider in Abu Dhabi, UAE. pic.twitter.com/T27vhIrr2d — Crypto Aman (@cryptoamanclub) April 29, 2025 Circle Steps Up With Cross-Border Payments Through CPN This step certainly did not just come out of nowhere. In recent months, Circle has indeed been seen to be increasingly aggressive in expanding its influence, especially in terms of global payment infrastructure. Just imagine, on April 21, they just launched the Circle Payments Network—CPN. This is not just a feature, but a cross-border payment and remittance network that allows transactions between financial institutions and service providers to be carried out in real-time. It is not only faster than traditional systems such as SWIFT, but also more efficient due to its reduced processing time and fewer intermediaries. Support from Capital Market Giants and Technology Partners On the other hand, CNF previously reported that Circle has also signed a memorandum of understanding with the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. This collaboration is designed to explore the use of USDC and USYC stablecoins in capital market infrastructure. NYSE President Lynn Martin…

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Filed under: News - @ April 30, 2025 11:22 am