Circle has announced a collaboration with Deutsche Börse to integrate its EURC and USDC stablecoins into the European capital markets.

The partnership's core objectives include:

-Reducing Settlement Risk: Enabling near-instantaneous settlements via blockchain, compared to traditional multi-day processes.
-Lowering Costs: Minimizing intermediaries and operational expenses for banks and asset managers.
-Improving Efficiency: Facilitating 24/7 programmable payments and transparent reporting through smart contracts.

This initiative aims to enhance the euro's role in digital finance, addressing the dominance of USD stablecoins and boosting Europe's competitiveness in global markets. The collaboration kicks off with listing and trading USDC and EURC on Deutsche Börse's 3DX digital exchange and through Crypto Finance. Additionally, institutional-grade custody will be provided via Clearstream, using Crypto Finance's German entity as a sub-custodian. Looking ahead, the partners plan to create a unified ecosystem for tokenized payments, seamlessly blending digital and traditional assets in a regulated, liquid environment.

Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle, emphasized: “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. As clear rules take hold across Europe, aligning our regulated stablecoins, EURC and USDC, with trusted venues will unlock new products and streamline workflows across trading, settlement, and custody.”

This move signifies a deeper integration of regulated stablecoins within traditional financial systems. It aims to reduce settlement risk, lower costs, and improve efficiency for banks, asset managers, and the wider market.