Circle Internet Group, the company behind the USDC and EURC stablecoins, has signed a deal with Deutsche Börse Group to expand stablecoin use in Europe. The agreement was announced Tuesday in Frankfurt and will bring Circle’s tokens into the German exchange’s financial system.
According to the press release, the plan starts with the listing and trading of USDC and EURC on Deutsche Börse’s digital exchange 3DX and through Crypto Finance, which is also part of the group. In addition, Clearstream, the post-trade arm of Deutsche Börse, will handle custody services with Crypto Finance acting as a sub-custodian.
Jeremy Allaire, co-founder and chief executive of Circle, said the move is meant to improve efficiency for banks and asset managers.
“Together with Deutsche Börse Group, we’re planning to advance the use of regulated stablecoins across Europe’s market infrastructure—reducing settlement risk, lowering costs, and improving efficiency for banks, asset managers, and the wider market,” he said.
Meanwhile, Deutsche Börse executives welcomed the partnership. Stephanie Eckermann, member of the Executive Board in charge of post-trading, said, “Digital assets have the potential to reshape financial markets by enhancing efficiency, transparency, and security—thereby strengthening the competitiveness of European capital markets.”
Likewise, Thomas Book, who oversees trading and clearing at Deutsche Börse, said the group is positioned to connect traditional finance with digital markets. “Our collaboration with Circle helps lay the groundwork to enable the usage of stablecoins by everyone in the European capital markets,” he said.
The deal comes as Europe considers new restrictions on stablecoins. Just recently, Bloomberg reported that the European Systemic Risk Board recommended banning tokens issued in multiple regions under the same brand. Such rules could affect companies like Circle and Paxos that operate across different markets.
This step is supported by the EU’s Markets in Crypto-Assets law, which took full effect in late 2024. Circle was the first global issuer to meet the new rules. The company says it hopes the partnership will create a safe and trusted place for digital money in Europe.
Also Read: Binance Unveils Crypto-as-a-Service for Banks and Brokers
