OpenPayd Secures MiCA License Amid Growing Stablecoin Adoption in Europe

OpenPayd, a financial infrastructure provider, has secured a Markets in Crypto-Assets (MiCA) license from an unnamed regulator. This authorization allows OpenPayd to offer crypto services across the European Economic Area via passporting.

The MiCA license lets OpenPayd operate as a crypto asset service provider (CASP), enabling it to offer services such as fiat-to-stablecoin on-ramping and off-ramping. According to OpenPayd CEO Iana Dimitrova, stablecoins are rapidly becoming part of mainstream financial infrastructure.

The company has processed over $240 billion in annualized transaction volume for more than 1,100 businesses worldwide, including Kraken, OKX, and eToro. OpenPayd's MiCA authorization comes ahead of the July 1 transitional deadline for crypto companies to secure approval under the bloc's crypto rules.

OpenPayd is also pursuing a public listing in the US through a proposed merger with special purpose acquisition company Titan Acquisition Corp. The deal, which values OpenPayd at around $1.1 billion, is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.