Deutsche Börse partners with Circle on stablecoin rollout in Europe

Deutsche Börse Group has established a memorandum of understanding with Circle Internet Financial to integrate Circle’s EURC and USDC stablecoins into its regulated market infrastructure. This marks a pioneering partnership between a European exchange and a global stablecoin issuer. The initiative, aimed at aligning token-based payment systems with traditional financial structures, will initially focus on trading through Deutsche Börse’s 360T subsidiary, its digital exchange 3DX, and custody services via Clearstream. This collaboration coincides with the implementation of the Markets in Crypto Assets Regulation (MiCAR) in Europe, which represents the first comprehensive legal framework for digital assets worldwide. Circle is one of the first issuers to achieve MiCAR compliance. Deutsche Börse executives highlighted that using stablecoins can reduce settlement risks and enhance operational efficiency for institutional investors. Circle’s CEO, Jeremy Allaire, noted that this agreement situates stablecoins in reputable venues, paving the way for innovative financial products and workflows.

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