Circle Internet Group has announced the Dubai Financial Services Authority’s (DFSA) official approval of USDC and EURC as recognised crypto tokens within the Dubai International Financial Centre (DIFC).
With this approval, the global financial technology leader has achieved a stablecoin milestone, reinforcing USDC and EURC’s status as the world’s leading regulated stablecoins.
“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,” said Dante Disparte, chief strategy officer and head of global policy and operations at Circle.
Following the approval, fintechs and financial institutions operating within the DIFC can integrate ISDC and EURC into treasury management, digital asset services, and payments.
Only recognized crypto tokens are permitted for use and promotion in the DIFC, which is home to over 6000 firms, and offers comprehensive legal certainty for digital assets.
“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,” added Disparte.
This latest regulatory milestone solidifies Circle’s positioning as the first and only major global stablecoin issuer to comply with European Union (MiCA) regulations and Canada’s new listing rules.
Moreover, the fintech’s long-term strategy committing to the Middle East is strengthened through the approval, and the build on incorporating local entity in the United Arab Emirates (UAE) to support regional growth and engagement.
