Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
30 November 2023 - 5:00AM
Cointelegraph
![](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-11/2fcebee3-8f8c-4326-a0ae-cacea9ea6f82.jpg)
The approval followed a similar move by regulators in Singapore,
where Paxos said its local entity would launch a U.S. dollar-backed
stablecoin.
...
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Paxos receives in-principle approval to issue
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