USDC and EURC became the first stablecoins to receive official recognition as approved crypto-assets in the Dubai International Financial Centre (DIFC).
Circle secured approval from the Dubai Financial Services Authority (DFSA) to use USDC and EURC within DIFC. This allows banks, FinTech companies, and other organizations operating in the Dubai International Financial Centre to leverage USDC and EURC for digital payments, treasury management, and various financial operations.
Under DFSA regulations, only officially approved cryptocurrency assets can be used and promoted within DIFC, which is home to over 6,000 registered companies. This regulatory recognition positions USDC and EURC as legally recognized assets in one of the Middle East’s largest financial hubs.
Dante Disparte, Chief Strategy Officer and Head of Global Policy & Operations at Circle, highlighted that DFSA’s decision reinforces the transparency of USDC and EURC. According to him, one of Circle’s key goals is to make digital dollars and euros more accessible to businesses, developers, and financial institutions worldwide.
The recognition of USDC and EURC within the Dubai International Financial Centre further strengthens Circle’s position as the only global stablecoin issuer compliant with the MiCA regulations in the EU.
