KEY FACTS: Circle’s USD Coin (USDC) and EURC have become the first stablecoins recognized by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC) as of February 24, 2025. This approval, a first for stablecoins under the DIFC’s crypto token regime, allows over 6,000 firms in the financial hub to integrate these fully reserved, fiat-pegged digital currencies—USDC tied to the U.S. dollar and EURC to the euro—into services like payments and treasury management. Backed by Circle’s commitment to transparency and compliance, the decision aligns with the UAE’s rising status as a cryptocurrency leader, ranking third globally in adoption, and follows the firm’s establishment of a local entity to deepen its Middle East presence. With USDC boasting a $57 billion market cap and $20 trillion in transaction volume, and EURC leading euro stablecoins with over $1 billion in weekly transfers, this recognition enhances Circle’s global footprint, bridging traditional finance and blockchain innovation in a region poised for fintech growth.

---

Source: Circle

---

Circle’s USDC and EURC Stablecoins Becomes First Recognized Stablecoins in Dubai

The Dubai Financial Services Authority (DFSA) has officially recognized and approved Circle Inc.'s stablecoins, USD Coin (USDC) and EURC, as crypto tokens within the Dubai International Financial Centre (DIFC). This approval marks the first time stablecoins have been granted such status under the DIFC’s crypto token regime, solidifying Circle’s position as a pioneer in regulated digital currencies and further embedding its solutions into one of the Middle East’s most dynamic financial hubs. The development was announced by Circle Internet Group Inc on February 24, 2025.

Dubai Financial Services Authority (DFSA) has officially approved USDC and EURC as recognized crypto tokens within the Dubai International Financial Centre (DIFC). This milestone marks the first time that stablecoins have been approved under the DIFC’s crypto token regime, reinforcing USDC and EURC’s status as the world’s leading regulated stablecoins.
Source

The DFSA’s recognition of USDC and EURC paves the way for financial institutions, fintech companies, and other entities operating within the DIFC to integrate these stablecoins into a wide array of digital asset services. With over 6,000 firms currently active in the DIFC—a financial free zone known for its robust legal framework and independent judicial system—this approval unlocks new opportunities for payments, treasury management, and innovative financial applications. This development underscores the growing acceptance of stablecoins as a bridge between traditional finance and the blockchain-based digital economy, particularly in regions that prioritize cutting-edge financial innovation.

Circle, the issuer of USDC and EURC, has long championed transparency, compliance, and utility in the stablecoin space. USDC, pegged 1:1 to the U.S. dollar, and EURC, similarly tied to the euro, are fully reserved digital currencies backed by highly liquid cash and cash-equivalent assets. This full-reserve model ensures that every token in circulation is redeemable at a 1:1 ratio for its respective fiat currency, a feature that has earned Circle widespread trust among users and regulators alike. The company’s commitment to regulatory adherence is further evidenced by its compliance with frameworks such as the European Union’s Markets in Crypto-Assets (MiCA) regulation and Canada’s listing rules, making this latest achievement in Dubai a natural extension of its global strategy.

Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, hailed the DFSA’s decision as assertion of the company’s rigorous approach to regulation and its vision for the future of finance.

“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.”

Disparte emphasized that the approval reflects Circle’s ongoing collaboration with regulators across jurisdictions, positioning its stablecoins as a cornerstone of the emerging internet-native financial system.

The DIFC, established in 2004, serves as a strategic economic hub connecting the Middle East, Africa, and South Asia. The district serves as home to nearly 7,000 companies—a 25% increase from 2023— and operates under a comprehensive legal and regulatory framework that permits only recognized crypto tokens for use and promotion.

The inclusion of USDC and EURC in this elite category follows the prior approval of prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple’s XRP, and TonCoin (TON) by the DFSA. However, Circle’s stablecoins stand out as the first of their kind to gain this recognition, highlighting their unique role in providing stability and reliability in the volatile world of digital assets.

---

---

Information Sources:

• Circle
• Cointelegraph

---

---

If you found the article interesting or helpful, please hit the upvote button, and share for visibility to other hive friends to see. More importantly, drop a comment below. Thank you!

This post was created via INLEO, What is INLEO?

INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's Built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application: Inleo.io allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.

---

---

Let's Connect

Hive: inleo.io/profile/uyobong/blog

Twitter: https://twitter.com/Uyobong3

Discord: uyobong#5966

---