Overview

• The memorandum of understanding outlines plans to list and trade the stablecoins on Deutsche Börse’s 3DX and 360T platforms, with institutional access through Crypto Finance and custody at Clearstream using Crypto Finance’s German entity as sub-custodian.
• Circle and Deutsche Börse say tokenized euros and dollars could lower settlement risk, reduce costs, and improve efficiency for banks and asset managers.
• The companies describe the tie-up as the first collaboration between a major European exchange operator and a global stablecoin issuer.
• The announcement marks an exploratory step rather than an immediate deployment, with technical, operational, and compliance milestones required before full production.
• Circle’s early compliance with the EU’s MiCA framework gives it a regulatory foothold as European market operators and banks expand stablecoin initiatives.