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- Circle and Deutsche Börse sign Europe’s first major stablecoin integration agreement.
- USDC and EURC will be listed on Deutsche Börse’s trading and custody platforms.
- MiCA regulation provides the foundation for wider institutional stablecoin adoption.
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Circle, the company behind USD Coin (USDC), has entered into a landmark partnership with Germany’s Deutsche Börse Group to bring stablecoins deeper into Europe’s financial markets. Announced on September 30, the Memorandum of Understanding (MoU) marks the first formal agreement in Europe between a major market infrastructure provider and a leading stablecoin issuer.
A Bridge Between Traditional and Digital Finance
The collaboration will explore integrating Circle’s USDC and euro-backed EURC into Deutsche Börse’s platforms. Initial steps include listing the stablecoins on 360T, the group’s foreign exchange trading venue, and integrating them with Crypto Finance, its institutional crypto services arm. The aim is to cut settlement risk, lower costs, and streamline operations for banks and asset managers across the region.
Post-Trade and Custody Integration
Deutsche Börse’s Clearstream, a key provider of settlement and custody services, will extend institutional-grade custody to these stablecoins. According to Thomas Book, a member of Deutsche Börse’s executive board, this partnership represents the beginning of a unified ecosystem where market participants can seamlessly access both digital and traditional assets in a regulated framework.
Backed by Europe’s New Regulatory Environment
This initiative comes as the European Union’s Markets in Crypto-Assets (MiCA) regulation provides clear rules for stablecoin issuers and service providers. Recent developments—such as a consortium of banks working on a MiCA-compliant euro stablecoin and BitGo securing a German trading license—highlight how Europe is positioning itself as a leader in regulated digital finance.
Also Read: Circle & Crossmint Partner to Expand USDC Adoption
The Circle-Deutsche Börse alliance reflects a wider trend of stablecoin adoption beyond finance. For instance, Cloudflare is developing a stablecoin for AI-related payments, while Circle continues to test new features like reversible USDC transactions to address fraud and security concerns.
By joining forces, Circle and Deutsche Börse are laying the groundwork for stablecoins to play a central role in Europe’s financial infrastructure. With regulatory clarity in place, this partnership could accelerate mainstream adoption of digital currencies in both institutional finance and emerging technology sectors.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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