This decision aims to extend digital finances across Europe.
The exchange operator and the market infrastructure provider Deutsche Börse Group signed an agreement with the Global Stablecoin Internet Group Issue Circle to integrate the stablescoins EURC and USDC of Circle into the financial market infrastructure of Deutsche Börsse. This collaboration aims to fill traditional finance with payment methods based on tokens, creating a new precedent for regulated digital finance in Europe.
The initiative has taken advantage of the recently promulgated EU regulation on the Cryptographic Active Markets (MICA), the first complete regulatory framework in the world for cryptographic assets. Circle under Mica licenses underline its commitment to Europe as a crucial center for digital financial innovation.
Initially, the partnership will focus on activating the registration and trading of stablescoins on 3660T digital Exchange 3DX, as well as through Crypto Finance Institutional Crypto Fourpto, each being an integral part of the Deutsche Börse group. In addition, collaboration will facilitate the evolutionary custody of digital assets via Clearstream, the post-registration provider of the group Deutsche Börse, with vision sub-post by the German Crypto Finance entity.
Jeremy Allaire, co-founder, president and CEO of Circle, underlined the potential of the partnership to improve the use of regulated stablescoins across Europe, reducing the risk of settlement, reducing costs and improving the efficiency of financial institutions. The DRE Stephanie Eckermann, a member of the board of directors of the Deutsche Börse group, stressed the role of digital assets in the reshaping of the financial markets and the strategic stage that this collaboration represents towards the integration of stalins in a robust and reliable infrastructure.
This alliance marks another important step for the Deutsche Börse group in its pursuit of digital leadership, based on its existing cryptocurrency activities and efforts to test the central bank’s digital currencies in wholesale banking services. The partnership aims to transform traditional securities processes into an entirely digital offer focused on customer.