Deutsche Börse and Circle Internet have penned a Memorandum of Understanding (MoU) to collaborate on the use of Circle’s EURC and USDC stablecoins within Deutsche Börse’s financial market infrastructure. This first agreement between a European market infrastructure provider and a global stablecoin issuer aims to provide new solutions for market participants by linking token-based payment networks with conventional financial market systems. The companies aim to initially concentrate on listing and trading of stablecoins on 360T’s digital exchange 3DX and through institutional crypto provider crypto finance, both part of Deutsche Börse Group. The partnership will also facilitate institutional-grade digital asset custody via Deutsche Börse Group’s post-trade business Clearstream, using the German entity of Crypto Finance as sub-custodian. Jeremy Allaire, co-founder, chairman and CEO of Circle, says: “Together with Deutsche Börse Group, we’re planning to advance the use of regulated stablecoins across Europe’s market infrastructure — reducing settlement risk, lowering costs, and improving efficiency for banks, asset managers, and the wider market.