announcement<\/a> from the Luxembourg-based bank, the expansion follows its April 15 registration as a Crypto Asset Service Provider with the country\u2019s financial regulator, enabling regulated conversion between fiat and stablecoins for institutional clients.<\/p>\nSupport currently includes USDC issued by Circle, USDG from Paxos, and the bank\u2019s own euro-pegged token EURI, extending capabilities first introduced with EURI in August 2024.<\/p>\n
Serving more than 750 payment firms, financial institutions, and marketplaces, Banking Circle said its infrastructure processes over \u20ac1.5 trillion, or about $1.7 trillion, in annual transaction volume. Chief digital asset officer Kirit Bhatia stated in the release that stablecoins are \u201ca natural extension\u201d of the bank\u2019s existing systems, adding that they play a key role in lowering costs and improving settlement efficiency.<\/p>\n
Banking Circle expands foothold as euro stablecoin race intensifies<\/h2>\n
Banking Circle\u2019s earlier launch of EURI positioned it among the first banks to issue a euro stablecoin aligned with the European Union\u2019s Markets in Crypto-Assets Regulation, with the CASP approval now allowing it to scale regulated services across clients.<\/p>\n
<\/p>\n
Competition across the region has accelerated as traditional banks and crypto firms build compliant payment rails under MiCA. French lender Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, through its digital asset arm SG-FORGE, introduced the euro stablecoin EURCV in April 2023 on Ethereum and later expanded to additional networks as part of its multi-chain strategy.<\/p>\n
On April 15, SG-FORGE integrated its dollar-denominated token USDCV into MetaMask, giving users access to a regulated stablecoin issued by a European bank.<\/p>\n
Swiss-based Sygnum added EURCV to its B2B platform in January 2025, targeting institutional clients and partner banks. In September 2025, a group of lenders, including ING, UniCredit, and CaixaBank, announced plans for Qivalis, a MiCA-compliant euro stablecoin scheduled for release in the second half of 2026.<\/p>\n
The consortium has since expanded to 12 banks, adding BBVA, BNP Paribas, and DZ Bank, and partnered with Fireblocks to support custody and tokenization ahead of launch.<\/p>\n
Crypto-native firms continue to build competing infrastructure. In April 2025, Circle introduced the Circle Payments Network to offer managed settlement services for banks and payment providers.\u00a0<\/p>\n
Separately, an April 21 partnership between Coinbase and global payments platform Nium enables businesses to fund cross-border transfers using USDC and settle in either fiat or stablecoins across more than 190 countries.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Banking Circle has rolled out institutional stablecoin settlement services after securing regulatory approval in Luxembourg. Summary Banking Circle has launched regulated stablecoin settlement services after securing CASP approval in Luxembourg.…<\/p>\n","protected":false},"author":1,"featured_media":17907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26807"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26807\/revisions"}],"predecessor-version":[{"id":26808,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26807\/revisions\/26808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17907"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}