Circle Secures In-Principle Regulatory Approval from ADGM’s FSRA

By: Circle Internet Group, Inc. via Business Wire

April 29, 2025 at 04:55 AM EDT

Milestone positions the company to deepen its regional presence and scale its partnerships across the MEA financial ecosystem.

Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a money services provider.

This IPA marks a significant step towards Circle securing a Financial Services Permission (FSP) under ADGM’s progressive regulatory framework, and reinforces the company’s commitment to enabling compliant innovation in digital finance throughout the Middle East and Africa (MEA). This milestone follows Circle’s incorporation in ADGM in December 2024 and builds on its expanding presence across the UAE.

“The UAE is paving the way for responsible innovators to build the internet financial system,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle. “This IPA from ADGM advances our strategy to establish deep roots in markets embracing the onchain economy, creating new pathways for investment and innovation in the region. It also underscores Circle’s enduring commitment to global stablecoin oversight—strengthening trust, compliance, and adoption worldwide, while laying a resilient foundation for the internet financial system.”

“We are excited about Circle’s contribution to ADGM’s dynamic ecosystem leveraging their regulatory-first approach, commitment to innovation, and global credibility in the stablecoin space,” said Arvind Ramamurthy, Chief of Market Development at ADGM. “Their presence aligns with ADGM’s position as a hub for innovation, offering a robust regulatory environment for the growth of next-generation financial services. We look forward to working with Circle as they expand their operations and contribute to the advancement of digital finance in the UAE.”

“Circle’s IPA from ADGM represents more than a regional milestone—it is a global signal that regulatory clarity and innovation can, and must, coexist,” said Dante Disparte, Chief Strategy Officer & Head of Global Policy and Operations at Circle. “As forward-looking jurisdictions like the UAE establish clear pathways for digital finance, Circle continues to demonstrate how trusted infrastructure, built on rigorous compliance and transparency, can advance the safe adoption of stablecoins worldwide. This moment reinforces our belief that regulation is not a constraint on innovation, but its most powerful catalyst.”

Circle also announced a strategic collaboration with Hub71, Abu Dhabi’s global tech ecosystem, to strengthen innovation within the digital assets space. Circle and Hub71 will explore initiatives around ADGM’s digital regulatory sandbox, offering founders access to grants, institutional networks, and opportunities to accelerate fintech innovation through hackathons, educational workshops, and mentorship programs. As part of the collaboration, Circle will join Hub71’s Digital Assets specialist ecosystem, contributing its global expertise to a community of more than 500 tech startups and venture capital partners.

“Our collaboration with Circle underscores our commitment to positioning Abu Dhabi as a global hub for FinTech and digital assets,” said Ahmad Ali Alwan, CEO of Hub71. “Circle’s expertise will enrich our digital assets ecosystem, providing Hub71 founders with greater access to resources, mentorship, and growth opportunities. Through this partnership, we are enabling the adoption of leading digital financial infrastructure that supports startup growth and drives the evolution of Web3 and digital finance from Abu Dhabi.”

About Circle Internet Group, Inc.

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications worldwide. Circle is building the world’s largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.

Learn more at https://circle.com