Circle has obtained the financial services license in Abu Dhabi.

This means $USDC can now operate as a legitimate compliant currency service provider in the Middle East.

At the same time, they have also recruited a powerful woman from Visa, who will directly take charge of the Middle East + Africa.

She does not come from a cryptocurrency background; she is a local executive with long-term experience dealing with governments, banks, and payment systems.

This actually speaks volumes.

Circle is now targeting the wallet access for central banks, commercial banks, and sovereign funds.

Essentially, it is a battle for the national-level funds flow infrastructure.

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