Flash
February 25, 2025 9:04 AM
In Brief:
Dubai’s pro-crypto stance has taken another major step forward with the DFSA approving Circle’s USDC and EURC stablecoins for regulated financial activities. As stablecoins play a growing role in institutional finance and cross-border payments, this move strengthens Dubai’s position as a leader in blockchain innovation.
With strict regulatory oversight, the DIFC framework ensures compliance while enabling crypto-friendly business expansion. The approval of USDC and EURC could set a precedent for more stablecoins and digital assets to gain regulatory recognition in the region.
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