Deutsche Börse Teams Up with Circle for EURC and USDC Listing
Deutsche Börse has teamed up with Circle to list EURC and USDC stablecoins. This move is a first for a major European exchange under the EU’s MiCA rules.
The partnership will start with trading on 360T’s digital exchange, 3DX. Clearstream will provide custody services. This collaboration is significant as it aligns with the EU’s Markets in Crypto-Assets Regulation (MiCA).
MiCA became effective in late 2024, setting standards for crypto assets. Circle was the first stablecoin issuer to comply fully with these rules. This compliance gives Circle an edge in Europe’s regulated market.
Circle CEO Jeremy Allaire believes regulated stablecoins can reduce settlement risks and lower costs. Integrating EURC and USDC into Deutsche Börse’s system could show how tokenized cash can improve financial operations.
Thomas Book, a Deutsche Börse executive, sees this partnership as more then an experiment. It aims to create a market where tokenized payments and traditional assets work together smoothly.
Deutsche Börse’s value chain, from 3DX to Clearstream, offers a regulated and liquid environment.This setup benefits both established financial institutions and new players.
