Dubai has officially recognized USDC and EURC as crypto tokens, marking a significant milestone for Circle, the issuer of these stablecoins. On February 24th, Circle announced that the Dubai Financial Services Authority (DFSA) has approved USDC and EURC for use within the Dubai International Financial Centre (DIFC). This landmark approval empowers businesses operating within the DIFC to seamlessly integrate these stablecoins into their routine economic operations. Circle highlights that USDC and EURC are the first stablecoins to achieve official recognition from the DFSA, a financial regulator established in 2004. This development underscores Dubai’s commitment to embracing and regulating digital assets, further solidifying its position as a leading hub for innovation in the financial technology sector.
USDC, EURC Stablecoins Secure ‘Token Recognition’ from Dubai Financial Services Authority
Share via:
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
USDC, EURC Stablecoins Secure ‘Token Recognition’ from Dubai Financial Services Authority
Dubai has officially recognized USDC and EURC as crypto tokens, marking a significant milestone for Circle, the issuer of these stablecoins. On February 24th, Circle announced that the Dubai Financial Services Authority (DFSA) has approved USDC and EURC for use within the Dubai International Financial Centre (DIFC). This landmark approval empowers businesses operating within the DIFC to seamlessly integrate these stablecoins into their routine economic operations. Circle highlights that USDC and EURC are the first stablecoins to achieve official recognition from the DFSA, a financial regulator established in 2004. This development underscores Dubai’s commitment to embracing and regulating digital assets, further solidifying its position as a leading hub for innovation in the financial technology sector.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
