Deutsche Börse integrates stablecoins: Deal agreed with Circle

INFBusiness
02.10.2025
Markets

Deutsche Börse Group has announced a collaboration with Circle to integrate the stablecoins EURC and USDC into its financial market infrastructure. Initially, trading and listing will be available via 360T's 3DX digital platform and the institutional provider Crypto Finance. Clearstream will be responsible for custody, supported by Crypto Finance as a sub-custodian.
The collaboration is considered the first of its kind between a European market infrastructure operator and a global stablecoin issuer. It aims to facilitate institutional market participants' access to regulated stablecoins and bridge the gap between digital and traditional financial markets. It is based on the European crypto regulation Markets in Crypto-Assets (MiCA).
Circle CEO Jeremy Allaire explained that the cooperation aims to increase efficiency, reduce settlement risks, and lower costs in the market. “Together with Deutsche Börse Group, we plan to advance the use of regulated stablecoins in the European market infrastructure – this will reduce settlement risk, reduce costs, and increase efficiency for banks, asset managers, and the market as a whole.”
Stephanie Eckermann, CEO of Deutsche Börse, also spoke of a crucial step towards integrating stablecoins into a regulated and reliable infrastructure.
With this cooperation, Deutsche Börse is continuing its digitalization strategy, which already includes the trading and custody of crypto assets via 3DX, Crypto Finance, and Clearstream. The integration of stablecoins is seen as a further step toward creating a unified infrastructure in which traditional and digital assets are converged in a regulated manner.

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