Banking Circle: Launching MiCA Compliant Stablecoin Settlement Services

Techub News, according to Blockonomi, Banking Circle has launched a stablecoin settlement platform compliant with the EU's MiCA framework, and obtained a CASP license from Luxembourg's regulatory authority on April 15. The platform supports three stablecoins: USDC, USDG, and EURI, offering institutional clients two-way conversion services between fiat currency and digital assets. The institution currently connects over 750 payment service providers and financial institutions, processing an annual transaction volume of 1.5 trillion euros. It stated that stablecoin settlement helps reduce operational costs and improve the efficiency of cross-border payments, and this deployment combines traditional financial infrastructure with digital asset payment capabilities.