Overview

• Deutsche Börse Group and Circle signed a memorandum of understanding on Sept. 30 to integrate EURC and USDC within the exchange operator’s regulated ecosystem.
• Initial rollout targets listings and trading on 360T’s digital exchange, 3DX, with institutional access via Crypto Finance.
• Clearstream will provide custody, using Crypto Finance’s German entity as sub-custodian, to offer an institution-grade post-trade setup.
• The companies say the goal is to cut settlement risk and costs and to streamline workflows for banks, asset managers and other market participants.
• The tie-up leverages the EU’s MiCA framework and arrives as Europe explores competing efforts, including a nine‑bank euro stablecoin plan and Germany’s EURAU, with policymakers weighing guidance on multi‑issuance structures.