Share this article
Dubai Approves Circle's Stablecoins USDC and EURC for Use in DIFC
The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the Dubai International Financial Centre.
Updated Feb 25, 2025, 2:12 p.m. Published Feb 25, 2025, 12:30 p.m.
What to know:
- Circle's stablecoin's USDC and EURC got approval to be used and promoted within the Dubai International Financial Centre.
- "With this approval, financial institutions and fintechs operating in the DIFC can integrate USDC and EURC into digital asset services, payments, treasury management, and a range of financial applications," the company said.
Circle's stablecoin's USDC and EURC got approval for use and promotion within the Dubai International Financial Centre, the company said in a statement on Monday.
The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the DIFC, the statement said.
STORY CONTINUES BELOW
"With this approval, financial institutions and fintechs operating in the DIFC can integrate USDC and EURC into digital asset services, payments, treasury management, and a range of financial applications," the company said.
The recognition of Circle's stablecoins is a game-changer, Ryan Lee, Chief Analyst at Bitget Research said in a statement.
"This move enhances trust in stablecoins amid regional volatility, boosts Circle’s competitive stance against Tether’s USDT dominance, and could reshape the $157 billion stablecoin market by legitimizing USDC and EURC for broader use," Lee said.
Dubai put in place rules for the crypto sector in 2022 that enabled firms to obtain a license and apply to get their tokens recognized.
"Only recognized crypto tokens are permitted for use and promotion in the DIFC which is home to over 6000 firms," Circle said. The DIFC is a financial centre which includes 77 countries.
Read more: Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
The bank is owned by billionaire Andy Beal, a major supporter of U.S. President Donald Trump's 2016 campaign.
Top Stories
