Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure.

The agreement aims to integrate Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday.

There has been a flurry of stablecoin activity focused on Europe of late, with the likes of SogGen’s FORGE subsidiary recently announcing expansion of its stablecoins in the region and a group of European banks issuing a euro-denominated stablecoin.

Circle was the first major global issuer to comply with the EU’s Markets in Crypto Assets regulation (MiCA), giving the company a regulatory foothold in

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