Circle’s stablecoins, USD Coin (USDC), and EURC have secured approval from the Dubai Financial Services Authority (DFSA). This marks the first time stablecoins have gained recognition under Dubai’s crypto token regime. The approval strengthens the presence of regulated digital assets in the region.
The decision allows financial firms in the Dubai International Financial Centre (DIFC) to integrate USDC and EURC into payments, treasury management, and digital asset services.
CFO Circle Dante Disparte said:
As the first stablecoins to receive this designation, USDC and EURC continue to set the global standard for transparency, compliance, and utility. This milestone aligns with our mission to make digital dollars and euros more accessible, interoperable, and useful for businesses, developers, and financial institutions worldwide.
DIFC approval strengthens stablecoins adoption
With over 6,000 businesses in DIFC, such an approval boosts local acceptance of stablecoins in local fintech. Only approved crypto tokens can market and utilize them in the jurisdiction, and in so doing, bring businesses certainty in regulations.
Circle continues to expand its oversight. The only top stablecoin issuer to be in accordance with Europe’s regulations under MiCA and Canada’s updated list regulations.
The company also established a local entity in the United Arab Emirates to cement local roots. The move is consistent with Circle’s global approach to establishing trust and compliance in digital finance.
Dubai remains vital to crypto’s future. The DFSA’s acceptance of USDC and EURC is evidence of the country’s commitment to having a regulated and safe digital asset market. Nevertheless, Circle’s stablecoins have today become the gold standard for compliance and transparency, and institutional adoption is on the brink.
