United Arab Emirates: Dubai Financial Services Authority issued notice recognising USDC and EURC stablecoins

On 17 February 2025, the Dubai Financial Services Authority (DFSA) officially recognised USDC and EURC as approved crypto tokens within the Dubai International Financial Centre (DIFC), marking the first time stablecoins have received this designation under the DIFC’s crypto token regime. The recognition allows financial institutions and fintech companies operating in the DIFC to integrate USDC and EURC into digital asset services, payments, treasury management, and various financial applications. This approval aligns with Circle Internet Group, Inc.’s broader regulatory achievements, building on its compliance with European Union (MiCA) regulations and Canada's listing rules, and reinforcing its commitment to supporting the Middle East's fintech ecosystem through its local entity in the United Arab Emirates.