đź“Ś MAROKO133 Hot crypto: Circle Wins Full ADGM License to Expand USDC Across the UA
Circle has secured a major regulatory win in the United Arab Emirates, gaining a Financial Services Permission (FSP) license from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).
Key Takeaways:
- Circle obtained an ADGM license to operate USDC services under full regulatory oversight.
- The approval strengthens Abu Dhabi’s push to become a global hub for regulated digital assets.
- Circle appointed Dr. Saeeda Jaffar to lead regional expansion and drive USDC adoption.
The approval allows Circle to operate as a fully regulated Money Services Provider within the UAE’s capital market free zone, the company said in a Tuesday’s press release.
Circle Gains Full Regulatory Entry Into UAE’s Fast-Growing Crypto Hub
The license grants Circle the ability to offer regulated payment, settlement, and digital-asset services tied to USDC, giving the company a formal operating presence inside one of the world’s fastest-growing hubs for compliant crypto activity.
The move comes as the UAE continues to position itself as a global center for digital-asset regulation, with ADGM leading efforts to attract firms seeking clear rules for fiat-referenced tokens and tokenized financial services.
As part of its expansion, Circle appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa.
Dr. Jaffar, currently a senior executive at Visa overseeing the GCC region, will join Circle to guide its strategy, build regional partnerships, and push for broader adoption of USDC in business payments and financial infrastructure across the UAE and beyond.
“Regulatory clarity is the foundation of a more open and efficient internet financial system. We are honored to work with the FSRA in ADGM,” Circle co-founder and CEO Jeremy Allaire said.
With the license in hand, Circle plans to expand regulated USDC use in corporate payments, settlement rails and developer infrastructure across the region.
The announcement also follows Dubai’s earlier recognition of USDC and EURC under the DFSA’s crypto token regime, giving Circle regulatory footing across both of the UAE’s major financial zones.
Stablecoins have also surged in mainstream adoption since President Donald Trump signed the GENIUS Act into law in July, establishing a federal framework for their issuance and oversight.
The law’s passage triggered a wave of new stablecoin initiatives from major financial institutions, including Bank of America, Morgan Stanley, and Robinhood.
Tether, Binance Secure Regulatory Approval in ADGM
As reported, Tether’s USDT stablecoin has also secured regulatory recognition as an approved fiat-referenced token across a wide range of blockchains inside the ADGM.
Tether said ADGM now permits licensed institutions in the financial free zone to conduct regulated activities involving USDT across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.
These approvals expand on earlier recognition for USDT on Ethereum, Solana and Avalanche.
On Monday, Binance disclosed that it has also secured full authorization to operate its flagship Binance.com platform under ADGM oversight, a milestone that comes after years of regulatory scrutiny.
Binance will operate through three distinct legal entities in the zone, an exchange, a clearing house and a broker-dealer, reflecting a traditional financial-market structure designed to enable regulated trading, custody, settlement and off-exchange services.
The post Circle Wins Full ADGM License to Expand USDC Across the UAE appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
📌 MAROKO133 Breaking crypto: Tether’s USDT Gains Regulatory Recognition as Fiat-Re
Tether’s USDT stablecoin has secured regulatory recognition as an approved fiat-referenced token across a wide range of blockchains inside the Abu Dhabi Global Market (ADGM), marking another step in the UAE’s accelerating push to position itself as a global center for regulated digital assets.
Key Takeaways:
- ADGM now recognizes USDT across multiple major blockchains for regulated use.
- Tether says the move highlights stablecoins’ growing role in modern finance.
- The update comes as Binance also secures full ADGM authorization, boosting Abu Dhabi’s crypto ambitions.
In a statement on Monday, Tether said ADGM now permits licensed institutions in the financial free zone to conduct regulated activities involving USDT across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.
These approvals expand on earlier recognition for USDT on Ethereum, Solana and Avalanche, broadening the stablecoin’s jurisdictional and technical reach across the region.
ADGM Move Validates Stablecoins’ Financial Importance
Paolo Ardoino, Tether’s CEO, said the move underscores the role of stablecoins in the modern financial system.
“Introducing USDT within ADGM’s regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape,” he said, adding that extending recognition across multiple chains helps strengthen Abu Dhabi’s standing as a hub for compliant digital finance.
ADGM operates as a special economic zone and international financial center with its own legal, regulatory and judicial system.
Its Financial Services Regulatory Authority (FSRA) oversees licensing and supervision for firms active within the jurisdiction.
Under the newly issued recognition, ADGM-licensed entities can support USDT across nearly all major chains where the token circulates, creating a broader multichain foundation for settlement, trading and decentralized-application activity.
The announcement arrives as Abu Dhabi intensifies its campaign to attract global digital-asset firms.
On the same day, Binance disclosed that it has secured full authorization to operate its flagship Binance.com platform under ADGM oversight, a milestone that comes after years of regulatory scrutiny.
Binance will operate through three distinct legal entities in the zone, an exchange, a clearing house and a broker-dealer, reflecting a traditional financial-market structure designed to enable regulated trading, custody, settlement and off-exchange services.
Co-CEO Richard Teng said the approval demonstrates Binance’s adherence to what he described as ADGM’s “gold-standard” regulatory expectations.
Pending final operational steps, Binance.com is slated to begin regulated activity under the ADGM regime on Jan. 5, 2026, reinforcing the UAE capital’s strategy of pairing stringent oversight with an open stance toward digital-asset innovation.
Tether Pushes Back as Arthur Hayes Flags Insolvency Risks
As reported, Tether has faced renewed scrutiny after BitMEX founder Arthur Hayes warned that a 30% decline in the company’s Bitcoin and gold holdings could erase its equity.
However, CoinShares’ James Butterfill rejected the alarm, noting that Tether holds more than $181 billion in reserves against $174.45 billion in liabilities, leaving a surplus of roughly $6.78 billion.
His comments arrive amid broader market unrest tied to volatility in Japanese bonds and weak US labor data.
CEO Paolo Ardoino also directly challenged Hayes’s claims, revealing that Tether Group’s total assets are closer to $215 billion, supported by around $7 billion in excess equity and an additional $23 billion in retained earnings.
He emphasized that Bitcoin and gold make up only 12.6% of reserves, with more than 70% held in short-term US Treasuries.
Ardoino accused critics of misreading the company’s attestation data, pointing to Tether’s roughly $500 million per month in interest income.
The post Tether’s USDT Gains Regulatory Recognition as Fiat-Referenced Token in Abu Dhabi Global Market appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
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