Circle Internet Group secured a Financial Services Permission (FSP) license from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). This approval allows the company to operate as a Money Services Provider, supporting its strategic expansion into the United Arab Emirates and the broader Middle East & Africa (MEA) region.
Circle appointed Dr. Saeeda Jaffar as Managing Director for the MEA region to lead the expansion. Dr. Jaffar, joining from a senior role at Visa, will spearhead regional strategy and drive the adoption of digital dollars and onchain payment solutions.
On the day of the announcement, CRCL stock traded within a range of $81.34 to $87.70. The stock closed at $86.56.