Deutsche Börse Group has partnered with Circle to integrate regulated stablecoins into the European financial ecosystem. Under a newly signed Memorandum of Understanding (MoU), the two organizations aim to incorporate USDC and EURC into Deutsche Börse’s infrastructure — marking a milestone collaboration between a leading market operator and a global stablecoin issuer.
According to the announcement, this is the first initiative of its kind in Europe, paving the way for the regulated use of digital currencies within the region’s financial markets. The project seeks to combine tokenized payment networks with traditional market infrastructure, driving efficiency and innovation.
The cooperation is being enabled by the MiCA (Markets in Crypto Assets) framework — the EU’s first comprehensive crypto regulation, which came into effect earlier this year. Notably, Circle became the first major stablecoin issuer fully compliant with MiCA, strengthening its strategic foothold in the European market.
At the initial stage, the partnership will focus on listing and trading stablecoins via Deutsche Börse’s 3DX digital exchange and its institutional crypto subsidiary Crypto Finance. Custody solutions will be provided by Clearstream, with Crypto Finance acting as a sub-custodian under German regulatory oversight.
Jeremy Allaire, co-founder and CEO of Circle, commented:
“Together with Deutsche Börse Group, we aim to advance the use of regulated stablecoins within European market infrastructure — reducing settlement risk, lowering costs, and increasing efficiency for banks, asset managers, and market participants. As clear rules take effect under MiCA, integrating EURC and USDC with trusted platforms will unlock new products and streamline trading, settlement, and custody processes.”
Stephanie Eckermann, member of the Executive Board at Deutsche Börse Group, added:
“Digital assets can transform financial markets by enhancing efficiency, transparency, and security — strengthening the competitiveness of Europe’s capital markets. This partnership marks a decisive step toward integrating stablecoins into a regulated and trusted infrastructure.”
Thomas Book, Executive Board member responsible for trading and clearing, emphasized the broader vision:
“Deutsche Börse is uniquely positioned to bridge traditional and digital finance. Our integrated services — from 360T, 3DX, and Crypto Finance to Clearstream — form a full value chain for crypto-asset trading, settlement, and custody. Working with Circle lays the foundation for a unified ecosystem where tokenized payment and money solutions coexist with traditional assets in a regulated, liquid environment.”
This partnership reflects Deutsche Börse’s strategic push toward tokenization and Circle’s commitment to compliance and innovation in the European market.
