Circle Achieves Historic DFSA Approval for USDC & EURC, Paving the Way for Regulated Crypto in Dubai
Edited by Matt Waller
Circle has secured a groundbreaking approval from the Dubai Financial Services Authority (DFSA), making its stablecoins USDC and EURC the first regulated digital assets within the Dubai International Financial Centre (DIFC). This historic regulatory milestone not only cements Dubai’s position as a forward-thinking crypto hub in the Middle East, Africa, and South Asia (MEASA) but also sets a global benchmark for stablecoin compliance.
Key Points
Regulatory Breakthrough: Circle’s USDC and EURC now become the first stablecoins officially recognized under Dubai’s crypto regulatory framework.
Strategic Financial Hub: The DIFC, home to over 7,000 registered firms, now lists USDC and EURC alongside major cryptocurrencies such as Bitcoin, Ethe...