ClearBank to Join Circle Payments Network, Expanding Access to MiCA-Compliant Stablecoins
London, UK: In a significant development for digital finance, ClearBank announced plans to join the Circle Payments Network, a move set to enhance access to MiCA-compliant stablecoins across Europe. The partnership aims to streamline blockchain-based transactions and strengthen regulatory compliance within the EU’s evolving digital asset framework.
By joining Circle’s network, ClearBank — a leading UK-based clearing and embedded banking platform — will enable its clients to access euro- and pound-backed stablecoins, including EURC and USDC, both issued by Circle under the EU’s Markets in Crypto-Assets (MiCA) regulations.
“Our collaboration with Circle represents a major step toward bridging traditional finance with compliant digital assets,” said Charles McManus, CEO of ClearBank. “As Europe moves toward clearer regulation under MiCA, we’re ensuring our customers can transact securely in both fiat and digital currencies.”
The integration will allow ClearBank’s institutional and fintech partners to offer faster, near-instant settlement and cross-border payment capabilities. The partnership also positions ClearBank as one of the first UK institutions to directly support MiCA-aligned stablecoin infrastructure.
Circle, the issuer of USDC, one of the world’s most widely used regulated stablecoins, has been expanding its European presence to align with MiCA standards, which come into effect in 2025.
“Welcoming ClearBank to the Circle Network expands our mission to create a more open, compliant, and efficient global financial system,” said Jeremy Allaire, CEO of Circle.
The collaboration underscores growing institutional adoption of blockchain-based payment rails within the regulated financial ecosystem — a trend expected to accelerate as MiCA reshapes the European digital finance landscape.
— The Vagabond News
