OpenPayd Secures MiCA License to Expand Stablecoin Services Across Europe

OpenPayd, a financial infrastructure provider, has secured authorization under the European Union's Markets in Crypto-Assets Regulation (MiCA), allowing it to offer regulated crypto services across the European Economic Area through a single license.

The company announced the authorization days before the July 1 MiCA deadline as crypto firms across Europe race to secure regulatory approval.

OpenPayd's CEO, Iana Dimitrova, said, 'Stablecoins are rapidly becoming part of mainstream financial infrastructure.'