Deutsche Börse, Circle to Integrate Stablecoins Into European Market Infrastructure

Deutsche Börse has signed a memorandum of understanding with Circle to integrate regulated stablecoins, specifically USDC and EURC, into Europe’s financial market infrastructure. This initiative is facilitated by the EU’s new regulatory framework, MiCAR, which took effect in June 2024. The collaboration will enable trading, settlement, and custody services for these stablecoins on Deutsche Börse’s platforms, including 360T’s digital exchange and its institutional crypto brokerage, Crypto Finance. This move marks a significant partnership between a major European exchange operator and a stablecoin issuer. According to Circle’s CEO, this integration aims to reduce settlement risks and enhance efficiency for banks and asset managers by allowing them to settle trades in tokenized currencies rather than using traditional payment systems. This project could serve as a prototype for the broader adoption of stablecoins within regulated financial infrastructures across Europe.

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