According to Golden Finance, the Dubai Financial Services Authority (DFSA) officially approved Circle's stablecoins USD Coin (USDC) and EURC as recognized tokens, becoming the first batch of approved stablecoins under this regulatory system. The new regulations will enable companies within the Dubai International Financial Centre (DIFC) to use these two stablecoins in a number of digital asset applications such as payments and fund management. Since its inception in 2004, DIFC has attracted nearly 7,000 active businesses and strictly permits only recognized crypto token operations.