Deutsche Börse partners with Circle on stablecoin rollout in Europe

Deutsche Börse Group has signed a memorandum of understanding with Circle Internet Financial to deploy Circle’s EURC and USDC stablecoins across its regulated market infrastructure. This marks the first such collaboration between a European exchange operator and a global stablecoin issuer.

The move, announced Tuesday, is designed to align token-based payment systems with established financial market structures, with an initial focus on trading via Deutsche Börse’s 360T subsidiary, its digital exchange 3DX, and custody services through Clearstream.

The partnership comes as Europe implements the Markets in Crypto Assets Regulation (MiCAR), the first comprehensive legal framework for digital assets globally. Circle was among the first issuers to secure MiCAR compliance, underscoring its strategic focus on the European market.

Deutsche Börse executives emphasized that the integration of stablecoins into its post-trade and trading infrastructure could lower settlement risks, streamline operations, and improve efficiency for institutional investors. Circle’s chief executive Jeremy Allaire said the deal positions stablecoins within trusted venues, enabling new financial products and workflows.

This is a developing story.

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This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

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