Deutsche Börse and Circle Partner to Integrate USDC and EURC Stablecoins Into EU Financial Markets

Deutsche Börse Group (DB1) has entered a strategic partnership with Circle Internet Group (CRCL) to integrate regulated stablecoins into Europe's financial market infrastructure. The collaboration will incorporate Circle's euro-pegged EURC and dollar-pegged USDC stablecoins across Deutsche Börse's trading, settlement, and custody platforms. This initiative positions Circle as the first major global issuer compliant with EU's MiCA regulation, which became fully effective in December 2024. Initial implementation will feature stablecoin listing and trading through 360T's digital exchange 3DX and Crypto Finance brokerage, with custody services managed by Clearstream using Crypto Finance's German entity as sub-custodian. The partnership aims to reduce settlement risks, lower transaction costs, and enhance operational efficiency for European banks and asset managers through tokenized currency settlements.