Banking Circle Expands into European Stablecoin Market with CASP License

Luxembourg-based Banking Circle has made a significant entry into the European stablecoin settlement market by obtaining a Crypto Asset Service Provider (CASP) license.

This license enables the company to offer regulated fiat-to-stablecoin and stablecoin-to-fiat settlement services, supporting prominent stablecoins like USDC, USDG, and EURI. The move is expected to intensify competition in Europe's growing market for MiCA-compliant stablecoins.