Global stablecoin issuer Circle Internet Group and German multinational corporation Deutsche Börse Group have unveiled their collaboration to expand stablecoin adoption in Europe.
Circle Partners With Deutsche Börse For Stablecoin Expansion
On Tuesday, Circle and Deutsche Börse Group announced they had signed a Memorandum of Understanding (MoU) to integrate the global issuer’s euro and dollar stablecoins, EURC and USDC, within the international exchange organization’s financial market infrastructure.
According to the joint statement, the collaboration aims to bring “new solutions” for market participants in Europe by connecting token-based payment networks with traditional financial market infrastructure. It also seeks to advance the regulated adoption of stablecoins in European marke