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

The approval of USDC and EURC as the first stablecoins under Dubai’s new crypto framework on February 24, 2025, marks a significant step for Circle and positions Dubai as a blockchain innovation hub, enabling over 6,000 DIFC firms to legally use these stablecoins for payments and treasury functions.

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

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

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Bitcoin Eyes $100K While Ethereum Targets $3K Amid Market Uncertainty

Bitcoin (BTC) is trading around $96,000 as of February 24, 2025, with a projected range of $92,000 to $105,000 this week.

Its movement largely depends on whether it can break past the $100,000 resistance or retrace to $94,000 support.

Technical indicators present mixed signals, with short-term bullish momentum clashing with longer-term market uncertainty.

Institutional activity and macroeconomic conditions remain key drivers, influencing sentiment as bulls push for six figures while bears anticipate a pullback.

Ethereum (ETH) is trading above $2,750, with expectations of fluctuating between $2,600 and $2,900, possibly testing $3,000.

While much chatter has been about a so-called “ETH rollback,” it just refers to the upcoming Pectra upgrade, not an actual chain rollback.

If successfully implemented, this upgrade could strengthen ETH’s market position.

While ETH’s trajectory is closely tied to BTC’s movements, speculation around an altcoin season and evolving regulatory clarity may provide additional upside momentum.

Ryan Lee, Chief Analyst at Bitget Research

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.