Building on regulatory firsts in the EU and Canada, Circle advances global adoption of stablecoins with DFSA recognition
DUBAI - FEBRUARY 24, 2025 - Circle Internet Group, Inc., a global financial technology company and leader in the stablecoin market, announced that the Dubai Financial Services Authority (DFSA) has officially approved USDC and EURC as recognized crypto tokens under the Dubai International Financial Centre (DIFC). This milestone marks the first time stablecoins have been approved under the DIFC's crypto token regime, cementing the status of USDC and EURC as the world's leading regulated stablecoins.
With this approval, financial institutions and fintech companies 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 evolving local fintech ecosystem. Only recognized crypto tokens are allowed for use and promotion in the DIFC, which is home to over 6,000 businesses and offers comprehensive legal security 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 the inclusion 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 stewardship of stewardship, strengthening trust, compliance and acceptance globally and laying a sustainable foundation for the future of finance.
"The DFSA's approval of USDC and EURC as recognized crypto tokens under the DIFC is further confirmation 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 is consistent with our mission to make digital dollars and euros more accessible, interoperable and useful to businesses, developers and financial institutions around the world."