Dubai Grants Regulatory Greenlight to USDC and EURC as Approved Stablecoins

In Brief:

Dubai Financial Services Authority (DFSA) has officially approved Circle’s USDC and EURC as the first recognized stablecoins.

Businesses within the Dubai International Financial Centre (DIFC) can now legally use USDC and EURC for payments, treasury management, and digital asset applications.

Dubai continues to cement its position as a global crypto hub, attracting nearly 7,000 companies under its regulated ecosystem.

‍

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.

‍