Deutsche Börse Group and Circle Internet Group have signed a memorandum of agreement (MOU) to work together to use the Stablecoins of Circle Eurc and the USDC in the Deutsche Börse financial market infrastructure.
This Agreement aims to provide new solutions for market participants, connecting payment networks based on the traditional financial market. It also marks a key step in promoting the adjustable adoption of Stablecoins in all European markets.
The parties intend to focus first on Stablecoins’ list and transactions on the 360T Digital Exchange 3dx and through the Crypto Finance institutional encryption provider, both part of the Deutsche Börse Group. In addition, the collaboration will allow the Digital Institutional Documentary asset through Deutsche Börse Group’s business clearstream, utilizing Crypto Finance’s German entity as a sub-flammable entity.
Jeremy Allaire, co -founder, chairman and chief executive of Circle, said:
“Together with the Deutsche Börse Group, we are planning to promote the use of regulated Stablecoins across Europe in the market for markets, reducing the risk of settlement and USDC, by reducing costs and improving the efficiency of products and products that have been regulated and the currents of products regulated and products regulated and products regulated and products regulated and products. Curated. “
Stephanie Eckermann, a member of Deutsche Börse Group’s Executive Board, responsible for the negotiation, said:
“Digital assets are able to reshape the financial markets by enhancing the effectiveness, transparency and security-thereby reinforcing the competitiveness of European capital markets. Through this cooperation, we are taking a decisive step towards completing the resolution of traditional, traditional and reliable infrastructure.
The book Thomas, a member of Deutsche Börse Group’s Executive Board, responsible for marketing and clearing, said:
“The Deutsche Börse Group is uniquely positioned to bridge the gap between traditional and digital funding. Our comprehensive bids from 360T, 3DX, Crypto Finance and Clearstream have built a full chain of value for the Crypto Asset Trading, the execution, the settlement and the Euphoria.
This collaboration is a further milestone for Deutsche Börse Group’s digital leadership throughout its chain value. It is based on the existing Crypto Finance encryption operation and the latter’s cooperation with Clearstream, which launched the offer of arrangement and custody services in encryption assets in institutional investors earlier this year. It also complements the efforts of Deutsche Börse Group to explore the use of Central Bank Central Bank (WCBDC) digital currencies in the context of last year’s European Central Bank (ECB) trials, which took advantage of the token for the D7 D7 Group tokenization.