Major Regulatory Win: Circle’s USDC, EURC Become First Regulated Stablecoins in Dubai Financial Hub

Key Notes

• Circle has received approval from the Dubai Financial Services Authority (DFSA) to offer USDC and EURC as regulated digital assets in the Dubai International Financial Centre (DIFC).
• USDC and EURC have become the first stablecoins officially recognized under Dubai’s crypto regulatory regime.
• The DIFC serves as a key financial hub for the Middle East, Africa, and South Asia (MEASA), hosting over 7,000 registered firms.

On Monday, February 24, Circle, a global financial services company and stablecoin issuer, announced that it has secured approval from the Dubai Financial Services Authority (DFSA) to offer its USDC and EURC stablecoins as regulated digital assets in the region.

With this approval , USDC $1.00 24h volatility: 0.0% Market cap: $56.60 B Vol. 24h: $13.99 B and EURC $1.04 24h volatility: 0.7% Market cap: $112.31 M Vol. 24h: $29.50 M have become the first stablecoins to be recognized under Dubai’s crypto regulatory framework. This milestone enables financial institutions licensed to operate within the Dubai International Financial Centre (DIFC) to integrate the stablecoins into their platforms for cross-border payments, asset management, treasury solutions, and other financial applications.

USDC and EURC Join Dubai’s Approved Crypto List

The two stablecoins now joined growing list of cryptocurrencies such as Bitcoin BTC $91 804 24h volatility: 4.4% Market cap: $1.82 T Vol. 24h: $53.34 B , Ethereum ETH $2 488 24h volatility: 10.8% Market cap: $299.93 B Vol. 24h: $33.79 B , Litecoin LTC $114.8 24h volatility: 9.9% Market cap: $8.67 B Vol. 24h: $1.33 B , Ripple’s XRP $2.30 24h volatility: 10.2% Market cap: $132.94 B Vol. 24h: $8.33 B , and Toncoin TON $3.40 24h volatility: 9.4% Market cap: $8.50 B Vol. 24h: $233.18 M permitted within the DIFC. The DIFC serves as a major financial hub connecting businesses across the Middle East, Africa, and South Asia (MEASA).

With over 7,000 registered firms, the district enforces strict compliance standards, allowing only regulated digital assets to operate within its ecosystem.

The inclusion of Circle’s USDC and EURC in the DIFC marks a significant step toward broader stablecoin adoption, setting a regulatory benchmark for other issuers to follow.

“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,” said Dante Disparte, top executive at Circle.

Circle Strengthens Its Global Regulatory Footprint

The approval in Dubai builds on Circle’s recent regulatory successes in Europe and Canada.

In Europe, Circle became the first stablecoin issuer to comply with the EU’s Markets-in-Crypto-Assets (MiCA) regulation after securing an Electronic Money Institution (EMI) license from France’s banking regulator (ACPR).

This regulatory milestone allowed USDC to remain legally tradable across the EU, while several non-compliant stablecoins like USDT faced delisting.

Meanwhile, the approval of USDC and EURC as recognized digital assets reflects Dubai’s increasing regulatory clarity for cryptocurrencies.
Last year, the UAE Central Bank introduced a new regulatory framework for overseeing and licensing stablecoins. During that same period, Dubai updated its cryptocurrency token regulations, allowing both domestic and foreign investment funds to engage with digital assets.

USDC Expands Its Footprint on Solana

In addition to securing regulatory approvals, Circle has been actively increasing USDC adoption across major blockchain ecosystems.

This month alone, the company minted $2 billion worth of USDC on Solana, strengthening its dominance in decentralized finance (DeFi).

Earlier today, Coinspeaker reported that an additional $250 million USDC was minted on Solana, bringing its market share on the blockchain to 78%, surpassing Tether’s USDT.

With its growing global regulatory approvals and increasing blockchain integrations, Circle continues to expand USDC’s role in cross-border finance, DeFi, and institutional crypto adoption.

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