USDC and EURC Become First Stablecoins Recognized by Dubai International Financial Centre

Building on regulatory firsts in the EU and Canada, Circle advances global stablecoin adoption with DFSA recognition

DUBAI – 24 FEBRUARY 2025 – Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, has announced that the 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.

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, further embedding Circle’s trusted digital currency solutions into the rapidly growing local fintech ecosystem. Only recognized crypto tokens are permitted for use and promotion in the DIFC, which is home to over 6000 firms, and offers comprehensive legal certainty for digital assets.

This latest regulatory milestone builds on Circle’s position as the first and only major global stablecoin issuer to comply with European Union (MiCA) regulations and Canada’s new listing rules. It also reinforces Circle’s long-term commitment to the Middle East, building on its incorporation of a local entity in the United Arab Emirates (UAE) to support regional growth and engagement. Together, these achievements underscore Circle’s commitment to global stablecoin oversight, strengthening trust, compliance, and adoption worldwide, and laying a resilient foundation for the future of finance.

“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," said Dante Disparte, Chief Strategy Officer and Head of Global Policy and Operations at Circle. “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.”