Circle obtains financial services license in Abu Dhabi Global Markets

According to its official blog, stablecoin issuer Circle announced that it has received a Financial Services License (FSP) from the Abu Dhabi Global Markets Financial Services Regulatory Authority, authorizing it to operate as a money service provider in the Abu Dhabi International Financial Centre (IFC). In addition, Circle appointed Dr. Saeeda Jaffar as Managing Director for Circle Middle East and Africa. Jaffar will join Circle from Visa, where she served as Senior Vice President and Group Country Manager for the Gulf Cooperation Council. She will lead Circle's regional strategy, deepen partnerships with financial institutions and businesses, and drive the accelerated adoption of the company's digital dollar and on-chain payment solutions in the UAE and the wider Middle East and African markets.