UAE Regulatory Update: DIFC Becomes First in the Region to Approve $USDC and EURC Stablecoins Under Dubai Financial Authority!

• More than 6,000 DIFC companies can now lawfully utilize Circle's stablecoins for transactions and treasury management.
• This development strengthens Dubai’s status as a leader in blockchain innovation, with the UAE already holding the third spot globally for crypto adoption.
• The decision is likely to disrupt Tether’s USDT dominance and influence the $200 billion global stablecoin industry.

"Financial institutions will likely look to implement these regulated stablecoins where they solve specific problems, with treasury operations and cross-border settlements the most obvious use cases." - Karl Naïm, Global Head of BD & GM Middle East, XBTO Middle East

Propchain is honored to be an official member of the @Circle Alliance Program, working together to build a more inclusive and accessible economy.

Read more: https://t.co/UzLJJD0gVn