Deutsche Börse, Circle to Integrate Stablecoins Into European Market Infrastructure
Deutsche Börse Group has signed an agreement with Circle Internet Group to integrate regulated stablecoins into Europe's financial market infrastructure.
The agreement aims to incorporate Circle’s euro- and dollar-pegged tokens, EURC and USDC, across trading, settlement, and custody services on Deutsche Börse's platforms.
This move follows increased stablecoin activities in Europe, including expansions by Societe Generale’s FORGE and a consortium of European banks launching a euro-denominated stablecoin.
Circle is the first major issuer to comply with the EU’s Markets in Crypto Assets regulation (MiCA), which became fully effective in December 2024.
The initiative starts with listing and trading the stablecoins on 360T’s digital exchange, 3DX, with custody managed by Clearstream using Crypto Finance’s German entity as a sub-custodian.
The collaboration aims to reduce settlement risk, lower costs, and enhance efficiency for banks, asset managers, and other market participants.
This development tests the potential for stablecoins to become integral to Europe's regulated financial infrastructure.
