TL;DR

Circle and Deutsche Börse have signed a Memorandum of Understanding to integrate the EURC and USDC stablecoins into Europe’s financial infrastructure.
The agreement will enable trading on 3DX and Crypto Finance and provide institutional custody through Clearstream, optimizing costs and reducing settlement risks.
The initiative positions the USDC issuer as the first globally compliant entity and advances the regulated adoption of stablecoins across European markets.

Circle and Deutsche Börse Group signed a Memorandum of Understanding to integrate the EURC and USDC stablecoins within Europe’s financial infrastructure.

The partnership aims to accelerate the adoption and regulation of digital currencies by connecting token-based payment networks with the traditional capital market infrastructure. This is the first collaboration of its kind in Europe between a leading market infrastructure provider and a stablecoin issuer.

The agreement foresees an initial deployment on 360T’s 3DX digital exchange and via Crypto Finance, both part of the Deutsche Börse Group. It will also provide institutional custody of digital assets through Clearstream, with Crypto Finance acting as sub-custodian. The collaboration seeks to reduce settlement risks, optimize costs, and improve efficiency for banks, asset managers, and the wider market.

The project is grounded in the European MiCA (Markets in Crypto-Assets) regulatory framework, which came into effect at the end of 2024. Circle was the first global issuer to comply with these rules, reinforcing its commitment to Europe as a strategic region for digital financial innovation. According to the company’s CEO Jeremy Allaire, aligning regulated stablecoins with trusted platforms will unlock new product opportunities and streamline workflows across trading, settlement, and custody.

Circle Complies with Standards That Tether Refuses to Accept

From Deutsche Börse, Stephanie Eckermann highlighted that digital assets can transform capital markets by enhancing efficiency, transparency, and security. The partnership bridges the gap between traditional finance and digital markets, creating a complete value chain for trading, settlement, and custody of tokenized assets. The integration of regulated stablecoins aims to provide users with access to both digital and traditional assets in a secure and liquid environment.

A regulatory debate is underway regarding multi-issuer stablecoins in Europe. The European Systemic Risk Board recommended limiting these coins, although the guidance is not legally binding. While Circle complies with MiCA, issuers such as Tether have refused to follow the rules due to local reserve requirements. Despite this, the European market demonstrates absorption capacity, evidenced by initiatives like Société Générale-Forge, which deployed its USDCV and EURCV stablecoins on DeFi protocols such as Morpho and Uniswap.

This partnership represents a key step in integrating regulated stablecoins into European markets, marking a turning point for digital finance adoption within a secure and reliable legal framework

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Filed under: News - @ September 30, 2025 4:28 pm