OpenPayd Secures MiCA License as Stablecoin Adoption Expands Across Europe

OpenPayd, a London-based financial infrastructure provider focused on stablecoin rails, has received authorization under the European Union's Markets in Crypto-Assets Regulation (MiCA). This allows the firm to provide crypto services across the European Economic Area (EEA) through passporting. The company's status as a crypto asset service provider (CASP) enables it to support fiat-to-stablecoin on-ramping and off-ramping.

The authorization, issued by the Malta Financial Services Authority (MFSA), is a significant milestone for OpenPayd. With this license, the firm can expand its services and increase confidence among businesses looking to use digital asset technology for payments, treasury workflows, and growth initiatives.

OpenPayd processes over $240 billion in annualized transaction volume and supports more than 1,100 businesses worldwide. The company's existing relationships with clients like Kraken, eToro, OKX, and B2C2 are also expected to benefit from the MiCA authorization.