Deutsche Börse Group and Circle have signed a MoU to explore the use of Circle’s EURC and USDC stablecoins within Deutsche Börse’s financial market infrastructure.

The agreement is the first of its kind in Europe and aims to connect token-based payment networks with traditional market structures.

The collaboration is supported by the EU’s Markets in Crypto Assets Regulation (MiCAR), the first comprehensive regulatory framework for crypto assets.

Circle was the first major global issuer to achieve MiCAR compliance.

Initial plans include the listing and trading of stablecoins on 360T’s digital exchange 3DX and via institutional crypto provider Crypto Finance, both part of Deutsche Börse Group.

Custody services will be provided through Clearstream, with Crypto Finance acting as sub-custodian.

Jeremy Allaire, Co-Founder, Chairman and CEO of Circle, said:

“Together with Deutsche Börse Group, we’re planning to advance the use of regulated stablecoins across Europe’s market infrastructure, reducing settlement risk, lowering costs, and improving efficiency for banks, asset managers, and the wider market.”

Stephanie Eckermann, Executive Board member responsible for Post-Trading at Deutsche Börse Group, said:

“Digital assets have the potential to reshape financial markets by enhancing efficiency, transparency, and security. Through this collaboration, we are taking a step toward integrating stablecoins into regulated, reliable and trusted infrastructure.”

The initiative adds to Deutsche Börse Group’s existing digital asset activities, including settlement and custody services through Clearstream and Crypto Finance, and its participation in European Central Bank trials on wholesale central bank digital currencies.

Featured image credit: Edited by Fintech News Switzerland, based on image by wirestock via Freepik