Global financial technology company and leading stablecoin issuer, Circle, has achieved a new regulatory milestone with the Dubai Financial Services Authority (DFSA) officially recognizing USDC and EURC as approved crypto tokens within the Dubai International Financial Centre (DIFC).
This marks the first time stablecoins have been granted approval under the DIFC’s crypto token framework, further solidifying USDC and EURC’s position as the world’s leading regulated stablecoins.
Expanding Stablecoin Adoption in the DIFC
With this approval, financial institutions, fintech firms, and digital asset service providers operating within the DIFC can now integrate USDC and EURC into their payment systems, treasury management, and a variety of financial applications.
The DIFC, home to over 6,000 firms, provides a legally robust environment for digital assets, permitting only recognized crypto tokens for use and promotion within its jurisdiction.
The approval highlights Dubai’s continued efforts to establish itself as a global digital asset hub, aligning with its broader pro-crypto regulatory stance and commitment to fostering financial innovation.
Strengthening Circle’s Global Regulatory Footprint
This latest achievement builds upon Circle’s growing regulatory compliance track record, following its status as the first major stablecoin issuer to adhere to both:
- The European Union’s Markets in Crypto-Assets (MiCA) regulations
- Canada’s new crypto listing framework
Additionally, Circle recently incorporated a local entity in the United Arab Emirates (UAE) to support its regional expansion.
Circle’s Vision for the Future of Finance
Dante Disparte, Chief Strategy Officer and Head of Global Policy and Operations at Circle, emphasized the significance of this approval, “The DFSA’s approval of USDC and EURC as recognized crypto tokens within the DIFC is yet another validation of our constructive approach to regulatory and policy engagement. 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.”
As regulatory scrutiny intensifies worldwide, Circle’s proactive engagement with global policymakers positions it as a leader in trusted digital currency solutions. With stablecoin adoption accelerating across both traditional finance and decentralized ecosystems, the DFSA’s approval serves as a critical step in integrating USDC and EURC into Dubai’s flourishing fintech landscape.
This milestone further cements Dubai’s role as a key player in the digital asset economy, while reinforcing stablecoins as essential building blocks for the future of global finance.
