The Dubai Financial Services Authority (DFSA) has recognized stablecoins USDC and EURC from Circle as the first stable tokens under its cryptocurrency regulation. This allows companies in the Dubai International Financial Centre (DIFC) to use these tokens for payments and asset management. This decision contributes to the further development of the crypto industry in the UAE, where new laws and licenses regulating the cryptocurrency market have also been introduced. Unlike Circle, Tether is actively working in Abu Dhabi, integrating USDT into the real estate market.
2/25/2025 9:45:04 AM (GMT+1)
DFSA recognizes USDC and EURC as the first stablecoins within Dubai's crypto regulation, opening new opportunities for business in DIFC and supporting the growth of the cryptocurrency sector in the UAE
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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