OpenPayd Secures MiCA Licence, Expanding Regulated Crypto Services Across Europe

OpenPayd has secured a MiCA licence to expand its regulated crypto services across Europe. The company currently processes over $240 billion in annualized transaction volume for more than 1,100 businesses worldwide.

The approval supports stablecoin payments, custody, and digital asset transfers, and will allow OpenPayd to operate as a regulated crypto-asset service provider across the European Economic Area under a single regulatory framework.

The licence was granted by the Malta Financial Services Authority ahead of the European Union's key MiCA transition deadline. As a result, OpenPayd can now expand its regulated digital asset offerings to businesses operating across multiple European markets.

'Stablecoins are becoming an important component of mainstream financial infrastructure,' said Iana Dimitrova, Chief Executive Officer at OpenPayd. 'MiCA gives businesses greater confidence to adopt digital asset technology for payments and treasury management.'