Paxos, a major stablecoin issuer, secures approvals to offer crypto-brokerage and custody services in Abu Dhabi, diversifying its operations amidst U.S. regulatory pressures. Following SEC actions against its Binance USD stablecoin, Paxos aims to broaden its global footprint, recently obtaining in-principle approvals in Abu Dhabi and Singapore. This strategic move reflects the company's commitment to regulated expansion and highlights Abu Dhabi's growing role in the crypto landscape.
