USDC and EURC become first stablecoins approved under Dubai’s new crypto rules

The Dubai Financial Services Authority approved the USDC and the EURC of Circle as the first stable -co -department officially recognized as part of the new Dubai tokens regime.

Circle announcement on February 24 that the DFSA approved the two USDC (USDC) and EURC (Eurc) As cryptographic tokens under the new Dubai International Financial Center chip regime. This is the first approval of this type by the DIFC, an independent financial and commercial jurisdiction with the United Arab Emirates.

The financial district has worked independently since its creation in 2004 and offers a free economic zone with more than 6,000 companies. The new regulations on the use of digital assets restrict integration only of officially recognized cryptographic token.

As part of this Crypto tokens regime, the DIFC requires that all platforms and businesses seek to offer financial services involving digital assets to obtain regulatory approval. The DFSA License These entities and the stablescoins USD and Euro de Circle are the first to receive the official approval of the regulator.

“The DFSA approval of the USDC and the EURC as an cryptographic token recognized within the DIFC is still another validation of our constructive approach to regulatory and political engagement,” said Dante Départe, director of Circle’s strategy and head of global policy.

With this important step, Circle adds its traction to recent regulatory approvals in the European Union and Canada. The company is among the first to receive a sign of the crypto-active markets, or a company in accordance with Mica in 2024. Circle also has a green light to offer its products in Canada, after having become the first transmitter from Stablecoin to Respect the new registration rules of the country.

While the USDC and the EURC de Circle get the head sign in the DIFC, Tether, the USDT transmitter (USDT), also pierced with water.

In December 2024, attachment guaranteed ABU Dhabi Financial Servulatory Authority Authority Author, with USDT authorized as a virtual asset accepted on the World Abu Dhabi market.

Like the DIFC, the ADGM is a free financial area for water.