Circle & Deutsche Börse Partner to Integrate Stablecoins into European Markets
A partnership between Circle Internet Group and Deutsche Börse Group is set to integrate Circle's stablecoins into Deutsche Börse's financial market infrastructure. This move follows a recent initiative by European banks to launch a MiCAR-compliant stablecoin next year, despite the European Central Bank's push for stricter regulations on the stock market.
The collaboration aims to connect token-based payment networks with traditional financial market infrastructure, offering new solutions for market participants in Europe. Initially, the focus will be on listing and trading stablecoins on 3DX and institutional provider Crypto Finance.
The partnership follows a recent initiative by nine European banks to deploy a MiCAR-compliant stablecoin next year. However, the search results do not provide information about which institutions or individuals are behind this proposal. Meanwhile, the European Central Bank is pushing for stricter regulations on stablecoins, including a potential ban on multi-issuance stablecoins, which could impact the stock market today.
Circle and Deutsche Börse plan to advance the use of regulated stablecoins across Europe's market infrastructure. The partnership will enable institutional-grade digital asset custody via Deutsche Börse's post-trade business, Clearstream. Despite the ECB's push for stricter regulations, the collaboration signals a step forward in integrating stablecoins into traditional financial markets, potentially influencing yahoo finance.
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