This is the first time that Stablecoins has received this status at the Dubai International Financial Center (DIFC).
It marks a major step for digital payments and the adoption of cryptography in the region. Let’s find out more about this important news for Stablecoins.
DFSA approval opens the way to the adoption of stablescoin in Dubai
With this approval, companies operating in the DIFC can now integrate the USDC and the EURC for payments, treasure management and other financial activities. This is a big problem, because it gives companies a regulated and reliable way to use stablecoins without worrying about the obstacles of compliance. In other words, they can now hit the soil running with digital transactions supported by a clear legal framework.
Circle, the company behind the USDC and the EURC, praised the decision, calling it a major milestone for the stablecoins in the Middle East. DFSA’s decision aligns Dubai with global cryptography hubs, giving companies more confidence to explore financial services based on blockchain.
USDC & EURC are the first stablecoins recognized by the Dubai Financial Services Authority (DFSA)!
This strengthens Circle’s position as the only global French Stablecoin transmitter in accordance with the regulations of the European Union (MICA) and the new registration rules of Canada.
This recognition … pic.twitter.com/qdurbnpplo
– Circle (@circle) February 24, 2025
Stablecoins like USDC and EURC are fixed to traditional currencies – USD and EUR – by making them a reliable alternative to volatile cryptocurrencies. By obtaining regulatory approval, these stalls become even more attractive to companies that seek to rationalize payments, manage cross -border transactions and reduce costs.
Learn more about stablecoins
Stablecoins for Canada, Nigeria and Brazil have recently launched on the basis, expanding access to digital finances on these main markets. With new stablecoins fixed to local currencies, users can now transform more easily while avoiding the volatility of traditional cryptocurrencies.
Stablecoins for Canada, Nigeria and Brazil have recently been launched on @base
Many others to come soon (links to follow)
– Brian Armstrong (@brian_armstrong) February 24, 2025
This decision strengthens the basic position as a blocchain world center, offering faster and low cost payments for businesses and individuals. By bringing ecunics to these savings, the base opens doors for smoother cross -border transactions, funding of funds and financial inclusion.
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