Big news in the world of cryptocurrency! Dubai, a city in the United Arab Emirates, just gave two important digital currencies, called stablecoins, the official okay to be used there. These stablecoins are like digital dollars and euros, and they're super steady in value. This is a really big deal for companies in Dubai because now they can use these digital currencies for things like online payments.
- Dubai approved USDC (like digital US dollars) and EURC (like digital Euros).
- Companies in Dubai can now use these for payments and other financial things.
- This shows that Dubai is becoming more open to using cryptocurrency.
- Another similar digital currency, USDT, is already used in another part of the UAE.
| Fact | Number |
|---|---|
| USDC market cap increase (Jan-Feb) | $10.7 billion (23.4%) |
| Current USDC market cap | $57.2 billion |
| Tether's USDT market share | 63% |
