Circle Wins Official Approval to Operate USDC and EURC in Dubai’s DIFC

Dubai’s Virtual Assets Regulatory Authority (VARA) has paved the way for increased competition within the stablecoin market by granting Circle official authorization to operate its USD Coin (USDC) and Euro Coin (EURC) tokens within the Dubai International Financial Centre (DIFC). This marks a significant milestone in the city’s efforts to establish itself as a global leader in crypto finance. 💰 📈 Circle, having received approval from the Dubai Financial Services Authority (DFSA), now has the green light to facilitate the use of USDC and EURC tokens for payments and treasury management within the DIFC.