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#USDC✅ #Circle #UAE #AbuDhabiCrypto #Stablecoins
Key Notes:
Circle has obtained a license from the Abu Dhabi Global Market Financial Services Regulatory Authority to operate as a financial services provider.With this license, Circle says it intends to expand its regulated payment and settlement services in the UAE.

USDC issuer Circle has taken a major step in its expansion in the Middle East by securing a financial services license from the Abu Dhabi Global Market Financial Services Regulatory Authority, enabling it to operate as a financial services provider.

The New York-registered stablecoin company announced on Tuesday that it plans to expand its regulated payment and settlement services in the United Arab Emirates for businesses, developers, and financial institutions.

"The [ADGM] framework sets high standards for transparency, risk management, and consumer protection—standards that enable trusted stablecoins to support real-world payments and finance at internet scale," said Jeremy Allaire, co-founder and CEO of Circle. "Regulatory clarity is the foundation of a more open and efficient internet financial system."

CEO and Founder the digital currency company Circle

As part of its regional expansion, Circle has appointed Saeeda Jaffar as managing director for the Middle East and Africa. Jaffar joins from Visa, where she had experience in the region and served as senior vice president and group manager for the Gulf Cooperation Council (GCC).

Jaffar is expected to lead Circle's strategy and institutional partnerships to drive the adoption of dollar stablecoins and on-chain payment infrastructure across the UAE and the wider MEA region.

Senior Vice President and Group Country Manager for the Gulf Cooperation Council (GCC) region

Meanwhile, Circle shares closed down 1.94% at $83.96 on Monday, according to The Block's price page. Its shares have fallen 22% over the past six months.

Circle's announcement closely follows important regulatory developments in Abu Dhabi involving major crypto companies.

On Monday, Tether received recognition for USDT as a fiat reference token accepted within ADGM, enabling licensed companies to offer regulated activities involving stablecoins across various networks, including Aptos, Cosmos, TON, and TRON. 

On the same day, Binance announced that it had obtained full authorization for its global platform, Binance.com, to operate under the ADGM regime. The exchange will operate three licensed entities — an exchange, a clearing house, and a broker-dealer. Operations are scheduled to commence on January 5, 2026.

Source: X Binance, Binance collaboration with ADGM

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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📅 December 8 | Singapore – United States
The stablecoin USDC, created by Circle and widely associated with Coinbase, is taking an unexpected and strategic turn. According to The Block, Circle has just formed an alliance with Bybit, one of the world's largest exchanges, to boost the global adoption of USDC outside the Coinbase ecosystem.

📖According to The Block, Circle announced a new initiative with Bybit aimed at increasing transaction volume and native USDC usage in the global crypto ecosystem. Why Bybit? Because it's an exchange with a massive presence outside the United States, a multi-million user base, and strong volume in emerging markets.
Throughout 2023 and 2024, USDC grew within Coinbase, but its expansion outside that ecosystem was more limited, while competitors like USDT (Tether) dominated the international market. To put it in real numbers:
USDC has a market capitalization of over $30 billion.USDT exceeds $110 billion and is a leader, especially in Asia and the Middle East.
The strategy with Bybit seeks to address this gap. Bybit will enable USDC-denominated trading pairs, liquidity incentives, and greater integration into its infrastructure. Interestingly, Circle presents this as an expansion of the “USDC universe beyond the Coinbase bridge,” separating the currency from dependence on a single ecosystem—a step analysts considered inevitable for global competition.
In addition, Circle is targeting international remittances, Web3 e-commerce, and global payments, where fast 1:1 conversion with the dollar is key.
In diplomatic terms, Circle and Coinbase remain allies, but the announcement reveals an uncomfortable truth: USDC needs international independence to survive USDT's brutal dominance.

Topic Opinion:
USDC's biggest step since its inception. If it truly wants to compete with Tether, it can't rely on Coinbase forever. Breaking free and fully entering global exchanges is exactly what needed to happen. This alliance with Bybit demonstrates that the battle for stablecoin hegemony is far from over. USDC could become the crypto banking standard if it manages to gain a strong foothold in Asia and Latin America.
💬 Will Bybit be the bridge it needs to conquer Asia?

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