Finance
What to know:
- Deutsche Börse and Circle are toying with the idea of shipping USDC and EURC into Europe’s financial markets, a notion that sounds simple until you realise it’s money with a passport. 🚀
- The project is enabled by the EU’s MiCAR crypto regulation, the first framework of its kind worldwide-imagine a rulebook that actually tries to make things clearer.
- Stablecoins will be listed and traded via Deutsche Börse’s 360T and Crypto Finance units-think of it as a very regulated shopfront for tokens. 🏦
Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure-yes, they used big words, and yes, we’re all pretending to understand them.
The aim is to weave Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday.
There’s been a flurry of stablecoin activity in Europe lately, with SogGen’s FORGE subsidiary expanding in the region and a cluster of European banks issuing a euro-denominated stablecoin. The plot thickens like custard on a summer day. 🥧
Circle was among the first major global issuers to comply with MiCA, giving the company a regulatory foothold in Europe. The stablecoin rules took effect in June 2024 and full legislation kicked in toward the end of December-no one asked us for a calendar, but here we are.
The initiative will begin with listing and trading the stablecoins on 360T’s digital exchange, 3DX, and through Crypto Finance, Deutsche Börse’s institutional crypto brokerage. Custody will be handled by Clearstream, the group’s post-trade arm, using Crypto Finance’s German entity as a sub-custodian. 📚🔐
“Together with Deutsche Börse Group, we’re marching in the stablecoin parade across Europe’s market lanes-reducing settlement headaches, trimming costs, and boosting efficiency for banks, asset managers, and the entire marketplace,” said Jeremy Allaire, the co-founder, chairman and CEO of Circle.
In practice, the tie-up could allow banks, asset managers and other institutions to settle trades in tokenized euros or dollars, instead of relying on legacy payment systems. For Europe’s capital markets, it’s an early, slightly squint-eyed test of whether stablecoins can earn a trusted seat at the regulated table. 🚦
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2025-09-30 12:55