Dubai Approves USDC & EURC: A Milestone for Stablecoins and Global Crypto Adoption

This move enhances trust in stablecoins amid regional volatility, boosts Circle’s competitive stance against Tether’s USDT dominance, and could reshape the $157 billion stablecoin market by legitimizing USDC and EURC for broader use.

For crypto adoption, it’s a game-changer in the UAE—already third globally in adoption—offering businesses efficient, compliant tools for digital finance and potentially accelerating the region’s emergence as a crypto powerhouse.

Ryan Lee, Chief Analyst at Bitget Research

Bitget

Founded in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving more than 45 million users in more than 150 countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copying feature and other trading solutions, while offering real-time access to Bitcoin, Ethereum and other cryptocurrency prices. Bitget Wallet, formerly known as BitKeep, is a world-class multi-chain cryptocurrency wallet that offers a range of comprehensive Web3 solutions and features, including wallet functionality, token exchange, NFT Marketplace, DApp browser and more.

Bitget is at the forefront of cryptocurrency deployment through strategic partnerships such as its role as the Official Cryptocurrency Partner of the world's top soccer league, LALIGA, in the EASTERN, SEA and LATAM markets, and as a global partner of Turkish national athletes Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing) and İlkin Aydın (national volleyball team) to inspire the global community to engage in the future of cryptocurrencies.

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