Circle partners with Deutsche Börse as Europe shapes the future of stablecoin

Circle will introduce managed stablecoins into the European financial infrastructure after partnering with Deutsche Börse Group. Initially, the collaboration focuses on EURC and USDC, expected to be listed on the 3DX platform operated by 360T, with custody through Clearstream and Crypto Finance. Circle stated that the integration will help simplify cross-border payments and reduce risks for banks and asset managers.

This move comes as MiCA comes into effect, helping Circle become the first global issuer to comply with regulations. However, EU policymakers are considering restricting "multi-issuer" stablecoins, raising debates about systemic risks. While Circle complies, Tether refuses to meet reserve requirements. Other organizations like Société Générale are also launching their own stablecoins on DeFi.

This partnership is a strategic move, betting that stablecoins will become a core part of European finance.