Circle obtains financial services license in Abu Dhabi

USDC issuer Circle has obtained a Financial Services Permission (FSP) from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Coindesk reported. The license allows Circle to operate as a Money Services Business within the ADGM financial free zone. With this approval, Circle plans to expand its financial services, including business-to-business payments and settlements using USDC.