Abu Dhabi’s organizational blessing will facilitate Serkel’s plans to develop in the Middle East.
Main axes:
- Circle has succeeded in obtaining the approval of the regulatory authorities of the Emirate of Abu Dhabi, to tackle more hegemony on the water market.
- Its partnership with HUB71 provides access to its experimental tests and subsidies dedicated to startups.
- It applies to offer its actions for a public subscription which allows it to benefit from a market value equivalent to $ 4 billion with the support of JPMorgan and Citi.
CIRCLE – The company that exports to American states and EURC -EURC – has made remarkable international progress after the ABU DHABI Emirate’s Financial Services Authority (FSRA) granted it preliminary approval to work as a financial supplier of financial services on the International Market in Abu Dhabi (ADGM); In a stage that opens the way to the expansion of the company and closer to its first public offer (IPO).
Abu Dhabi’s approval to implement circle plans to develop in the international banking sector?
The approval granted by the company FSRA is a major step in the way of obtaining a complete license to work on the international market of Abu Dhabi, and the company joined the international market of Abu Dhabi last December, and this approval currently means fulfilled the initial conditions for the practice of its activities in the region.
In this regard, Jeremy Allaire – CEO of Serkel – said: “The United Arab Emirates are working to create the appropriate atmosphere for innovators who are responsible for creating the electronic financial system”, explaining that “ABU Dhabi’s international market approval supports our strategy to establish a strong presence on the markets by seeking to adopt the blocking of economy systems.
Circle also announced a partnership with HUB71, the leader Abu Dhabi Technology Foundation, allowing the company to reach the digital incubator of the International Markets of Abu Dhabi, and allows it to test and refine innovative financial solutions based on blockchain under a flexible and developed organizational umbrella.
By strengthening his presence in the financial system of Abu Dhabi, Sirkel affirms his commitment to a long-term expansion strategy in the Middle East, within the framework of his efforts to consolidate the role of his stable coins USDC and EURC as corner stone in the future building of the digital representation of assets.
We have received regulatory approval in principle to @ADGLOBALMARK!
We are @ hub71adTo strengthen innovation with the space of digital assets and advance access to confidence stable, transparent and delighted … pic.twitter.com/ipwybmztiu– Circle (@circle) April 29, 2025
On the other hand, this approval is not the first of its kind for the company with the United Arab Emirates (water); At the beginning of this year, the Dubai Financial Services Authority (DFSA) agreed to start its operations at the Dubai International Financial Center (DIFC), so that this giant blockchain company becomes the first to export stable currencies to obtain accreditation under the new regulatory law issued by DIFC. Thus, banks and financial technology companies in addition to the financial institutions operating in Dubai can legally integrate USDC and EURC operations within the framework of their financial services.
How to develop the water circle contributes to reshaping the characteristics of the stable currency race?
The USDC continues to establish its position as the second largest stable currency in the world markets with its negotiation offers of $ 62.05 billion and its acquisition of more than 25% of the market according to Defillalama data. While institutions are increasingly demanding, Circle continues to pay its expansion strategy worldwide at an accelerated pace.
However, does the company then head for the banking sector? Reports seemed that Circle and Bitgo are studying to request American banking licenses, in a decision that can open the way to launch the first banking entity in digital currencies.
However, Dante Départe, the head of strategy officials, explained that the company was not trying to transform itself into conservation of the deposits of organized customers, but rather its will of future legislation linked to stable currencies in the United States, which may require the obtaining of credit licenses from the federal government or at the level of the state.
Can Circle offer the first year to match its solid counterpart in Coinbase?
The countdown of the initial general supply of Circle shares began after having officially submitted a request for inclusion of its stocks to the Stock Exchange, targeting an assessment between $ 4 and $ 5 billion on the New York Stock Exchange under the name of “CRCL”. The main financial institutions – such as JPMorgan Chase and Citi – direct a subscription guarantee process.
In the event of success, this proposal will become one of the largest initial proposals associated with digital currencies since the appearance of Coinbase in 2021, the company showed a Claire initiative in the training of policies related to the digital dollar. In the past year, Circle has launched the “compliance engine”, a platform designed to simplify the organizational audits of companies that depend on its services related to software vigilance.
Current questions
Circle collects most of its income by collecting the advantages of high quality reserves parallel to the USDC offers, such as the obligations of the American treasury and the monetary sales preserved through institutions subject to organizational supervision, and the company also gains certain yields of the supply of institutional services and programmed applications for payment activities.
The USDC currency is the most respected of regulatory laws between stable currencies, due to the accent placed on transparency more than the USDT issued by Tether, due to the vigor of Circle to publish monthly reports through independent audit entities to verify that each USDC currency has the most important of the American treasures or the places of the American treasury, as well as that the framework of conformity, the framework of Europe for the Mica markets.
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