Circle and Tether Secure Approvals in Abu Dhabi Amid Race for UAE Stablecoin Dominance

Abu Dhabi's stablecoin regime has kickstarted a race for market share. Credit: Kevin Villaruz via Pexels. Key Takeaways Abu Dhabi’s digital asset regime came into force on Oct. 31. The Financial Services Regulatory Authority (FSRA) has published a list of approved stablecoins. USDC and USDT are both on the list as Circle and Tether compete for a share of the new regulated market. Circle and Tether have secured key approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi General ...