In a significant step for digital finance, Circle Internet Group, Inc. has secured regulatory approval from the Dubai Financial Services Authority (DFSA) for its stablecoins, USDC and EURC. This marks the first time that any stablecoin has been officially recognized under the Dubai International Financial Centre’s (DIFC) crypto framework.

According to Circle, this approval allows financial institutions and fintech firms within DIFC to incorporate USDC and EURC into digital asset services, payments, and treasury operations.

With over 6,000 firms operating in DIFC, the recognition of these stablecoins ensures regulatory clarity for their use in a growing financial hub. Only crypto tokens that receive DFSA approval can be legally utilized and promoted in this jurisdiction.

According to the report, this milestone adds to Circle’s global regulatory achievements, following its compliance with the European Union’s MiCA regulations and Canada’s updated crypto listing rules. The company has also strengthened its presence in the Middle East by establishing a local entity in the UAE to support regional expansion. These developments reinforce Circle’s commitment to regulatory compliance and the worldwide adoption of stablecoins.

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“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 at Circle. “This milestone aligns with our mission to make digital dollars and euros more accessible, interoperable, and useful for businesses, developers, and financial institutions worldwide,” he added.