Circle has announced a strategic collaboration with Deutsche Börse Group. The two organizations signed a Memorandum of Understanding (MoU) to bring Circle’s regulated stablecoins, EURC and USDC, into Europe’s capital markets.
This is the first partnership of its kind in the region, designed to integrate token-based payment systems into established financial infrastructure.
The agreement highlights how traditional institutions are embracing digital innovation.
By working together, Circle and Deutsche Börse aim to reduce settlement risks, lower costs, and improve efficiency for market participants ranging from banks to asset managers.
The move also signals the growing acceptance of stablecoins within regulated markets, particularly under Europe’s new Markets in Crypto Assets Regulation (MiCAR).
Circle first big stablecoin issuer to follow MiCAR rules
The EU’s MiCAR framework, recognized as the first global regulatory system for digital assets, plays a central role in enabling this partnership.
Circle became the first major global stablecoin issuer to comply with MiCAR, underscoring its commitment to operating within strict regulatory boundaries.
This compliance ensures that EURC and USDC can be deployed confidently across Europe’s financial landscape.
Initially, the focus will be on listing and trading Circle’s stablecoins via Deutsche Börse’s 360T and its new digital exchange, 3DX. The institutional crypto services arm, Crypto Finance, will support the rollout.
Moreover, Clearstream, Deutsche Börse’s post-trade business, will offer institutional-grade custody solutions, using Crypto Finance’s German entity as a sub-custodian.
Executives from both sides emphasized that this collaboration will create a regulated, transparent environment for integrating digital assets into Europe’s financial system.
Jeremy Allaire, Circle’s Co-Founder and CEO, highlighted how regulated stablecoins can streamline trading and settlement processes.
Meanwhile, Deutsche Börse board members Stephanie Eckermann and Thomas Book stressed that stablecoins could make markets more efficient, competitive, and accessible.
Building a unified digital and traditional ecosystem
The integration of EURC and USDC is seen as a foundation for a broader transformation in European finance.
Deutsche Börse’s complete crypto value chain, from execution to custody, positions it to bridge the gap between digital and traditional finance.
The aim is to build a unified ecosystem where both tokenized and traditional assets can coexist in a regulated and liquid environment.