PANews reported on February 25 that the Dubai Financial Services Authority (DFSA) officially approved Circle's stablecoins USD Coin (USDC) and EURC as the first batch of approved stablecoins. The new regulations will enable companies in the Dubai International Financial Center (DIFC) to use these two stablecoins in a variety of digital asset applications such as payment and fund management. Since its establishment in 2004, DIFC has attracted nearly 7,000 active companies and strictly allows only approved crypto tokens to operate.