Dubai Approves Circle’s Stablecoins USDC and EURC for DIFC Use
- Circle’s stablecoins USDC and EURC received approval for use in Dubai International Financial Centre (DIFC).
- The Dubai Financial Services Authority recognized these as crypto tokens.
- This allows financial institutions in DIFC to integrate USDC and EURC into various financial applications.
- The DIFC is home to over 6,000 firms from 77 countries.
- Dubai established crypto sector regulations in 2022 for token recognition.
Circle’s USDC and EURC stablecoins have been approved by the Dubai Financial Services Authority, enabling their integration into digital services within the DIFC, which hosts over 6,000 firms.
Source (2.6)https://www.coindesk.com/policy/2025/02/25/dubai-approves-circle-s-stablecoins-usdc-and-eurc-for-use-in-difc?rand=52298
