Dubai International Financial Centre (DIFC) has recognized USDC and EURC as approved crypto tokens, marking a major milestone for Circle.
Expanding Stablecoin Adoption in the DIFC
With this approval, financial institutions and fintech firms operating within the DIFC can now integrate USDC and EURC into their payment systems and other financial applications. The DIFC offers a legally robust environment for digital assets, permitting only recognized crypto tokens for usage and promotion within its jurisdiction. This underscores Dubai’s aspiration to establish itself as a global hub for digital assets.
Strengthening Circle’s Global Regulatory Footprint
This achievement builds on Circle’s previous successes in regulatory compliance, including adherence to European and Canadian crypto regulations. Circle has also recently established a local entity in the United Arab Emirates.
Circle’s Vision for the Future of Finance
Dante Disparte, Chief Strategy Officer and Head of Global Policy and Operations at Circle, emphasized the importance of this approval: '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. USDC and EURC continue to set the global standard for transparency and utility. We aim to make digital dollars and euros more accessible and useful globally.'
The DFSA’s approval strengthens Dubai's position as a key player in the digital asset economy and underscores the significance of stablecoins for the future of global finance.
