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Stablecoin issuer expands Middle East presence with Abu Dhabi Global Market regulatory approval and strategic leadership appointment.
Circle Internet Group announced on December 9, 2025, that it has obtained a Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority. The company simultaneously appointed Dr. Saeeda Jaffar as Managing Director for Circle’s Middle East and Africa region, recruiting her from her previous role as Visa’s Senior Vice President for the Gulf Cooperation Council.
“Regulatory clarity is the foundation of a more open and efficient internet financial system,” said Jeremy Allaire, Circle’s CEO, highlighting the strategic importance of the expansion. The license positions Circle to develop regulated payment and settlement solutions for businesses and financial institutions in the UAE. This move follows the Dubai International Financial Centre’s earlier recognition of USDC and EURC as the first regulated stablecoins in the region, advancing Circle’s global digital asset strategy.
Read More: Bybit and Circle Partner to Expand Global USDC Adoption
🧭 FAQs
• What regulatory milestone did Circle achieve? Secured Financial Services Permission license from ADGM.
• Who was appointed as regional managing director? Dr. Saeeda Jaffar, previously from Visa.
• What is the primary goal of this expansion? Accelerate digital dollar and onchain payment solutions in MEA markets.
• Where is the new regional focus? United Arab Emirates and broader Middle East and Africa region.