USDC and EURC Join Dubai’s Approved Crypto List

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.

Stablecoins USDC and EURC, issued by Circle, have become the first cryptocurrencies to be recognized under Dubai’s crypto regulatory framework.

With this approval, financial institutions licensed to operate within the Dubai International Financial Centre (DIFC) will now be able to integrate USDC and EURC into their platforms for various financial applications, including cross-border payments, asset management, and treasury solutions.

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.

This latest development 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, Circle’s top executive.

Circle, a global financial services company and stablecoin issuer, announced the approval on Monday, February 24.

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.

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.