Deutsche Börse and stablecoin issuer Circle have signed a memorandum of understanding (MoU) to use Circle’s EURC and USDC stablecoins in Deutsche Börse’s infrastructure. Claiming it to be the first collaboration between a European market infrastructure provider and a global stablecoin issuer, Circle reveals in a press release that it aims to connect token-based payment networks with traditional financial market infrastructure.
Circle is one of the issuers compliant with the Markets in Crypto-Assets Regulation (MiCAR). The partnership is thus expected to help advance the regulated adoption of stablecoins across Europe.
The initial focus will be on the listing and trading of stablecoins on 3DX, 360T’s digital exchange, as well as on institutional crypto provider Crypto Finance. Clearstream will provide institutional-grade digital asset custody while Crypto Finance will act as sub-custodian. Clearstream, 360T, and Crypto Finance are all subsidiaries of Deutsche Börse Group.
Stephanie Eckermann, member of the Executive Board of Deutsche Börse Group, responsible for Post-Trading, says: “Digital assets have the potential to reshape financial markets by enhancing efficiency, transparency, and security – thereby strengthening the competitiveness of European capital markets. Through this collaboration, we are taking a decisive step towards integrating stablecoins into regulated, reliable and trusted infrastructure.”
