The Deutsche Börse Group and Circle, a company specializing in the issuance of stablecoins, have signed a Memorandum of Understanding aimed at integrating the digital currencies EURC and USDC into the European financial infrastructure of Deutsche Börse.
This is reported by Business • Media
Integration of Stablecoins into Market Infrastructure
This agreement marks the first collaboration in Europe between a leading market infrastructure operator and a global stablecoin issuer. It opens up opportunities for the regulated use of digital currencies in the region’s financial markets. The partnership aims to create innovative solutions for market participants by integrating tokenized payment networks with traditional financial infrastructure.
The project is being implemented under the MiCA (Markets in Crypto Assets) regulatory framework, which is the first global comprehensive basis for regulating crypto assets. Circle has become the first major issuer to achieve compliance with MiCA requirements, highlighting its strategic focus on the European market.
First Phase of Collaboration: Listing, Trading, and Custody of Assets
In the initial phase of the initiative, the parties will focus on the listing and organization of trading stablecoins through the 3DX digital exchange from 360T, as well as the Crypto Finance platform, which are part of the Deutsche Börse Group. Additionally, the collaboration includes institutional custody of digital assets through the Clearstream division, with Crypto Finance acting as a sub-custodian.
“Together with Deutsche Börse Group, we plan to develop the use of regulated stablecoins in European market infrastructure — reducing settlement risks, lowering costs, and increasing efficiency for banks, asset managers, and the broader market. As clear rules come into effect in Europe, the integration of our stablecoins EURC and USDC with reliable platforms will open new products and optimize trading, settlement, and custody processes.”
Stephanie Eckermann, a member of the Executive Board of Deutsche Börse Group, emphasized that digital assets have the potential to transform financial markets by enhancing their efficiency, transparency, and security, as well as strengthening the competitiveness of European capital markets. She noted that this collaboration is an important step towards integrating stablecoins into a proven and regulated infrastructure.
Thomas Book, another member of the Executive Board of Deutsche Börse Group, pointed out that the group has unique capabilities to combine traditional and digital finance. With the services of 360T, 3DX, Crypto Finance, and Clearstream, a complete value chain for trading crypto assets is being formed — from trade execution to settlement and custodial services. He emphasized that the partnership with Circle lays the foundation for widespread use of stablecoins by all participants in European markets, fostering the creation of a unified ecosystem that integrates tokenized solutions for payments and monetary operations in a regulated and liquid environment.
It is also worth noting that Circle is actively exploring opportunities to implement refund mechanisms in cases of fraud or disputes, further enhancing trust in digital assets among users.