CRCL Surges As Circle To Cooperate With Deutsche Börse On Stablecoin Adoption In Europe
Circle Internet Group Inc. (NYSE:CRCL) is up to $137.80 in pre-market trading on Tuesday as the company announced a memorandum of understanding with Deutsche Börse Group (OTCPK: DBOEY) aimed at expanding stablecoin adoption across European capital markets.
Circle Strikes High-Stakes Deal With Deutsche Börse
The agreement connects Circle’s USDC (CRYPTO: USDC) and EURC with Deutsche Börse’s platforms, including its 360T and 3DX exchanges, institutional custody through Clearstream, and execution services via Crypto Finance.
The collaboration aims to reduce settlement risk and cut costs for banks, asset managers, and institutional participants.
This push aligns with Europe’s Markets in Crypto Assets Regulation (MiCAR), where Circle was the first stablecoin issuer to gain compliance.
The move strengthens its foothold as European regulators prepare for …
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