REGULATION | Stablecoin Infrastructure Provider, OpenPayd, Secures a European Union MiCA License

OpenPayd has secured a Markets in Crypto-Assets (MiCA) license positioning the European banking and payments infrastructure provider to capitalize on growing institutional demand for stablecoin services across the European Union.

The license allows OpenPayd to offer regulated crypto-asset services throughout the EU under MiCA’s passporting framework enabling the company to expand its

• stablecoin settlement,
• fiat on- and off-ramp, and
• embedded banking

offerings across the bloc.

The approval comes as Europe’s crypto industry faces a July 1 2026 deadline to obtain MiCA authorization or cease serving EU customers.

OpenPayd, a London-based banking-as-a-service platform that provides financial services for businesses through a single API, said the regulatory clarity provided by MiCA is accelerating interest from banks, fintech firms, and digital asset companies seeking compliant infrastructure to integrate stablecoins into payments and treasury operations. The company already provides banking and payment services to major crypto firms and has expanded its infrastructure to support stablecoin payment rails and real-time fiat conversion.

The development highlights how regulated financial infrastructure providers are emerging as key beneficiaries of Europe’s crypto rulebook.

While stablecoin adoption in the region has lagged the United States, MiCA has created a unified regulatory framework across the EU’s 27 member states, giving licensed firms the ability to operate across borders under a single authorization.

Industry executives argue that stablecoins are increasingly being used as settlement rails rather than speculative assets, particularly for cross-border payments where they can reduce costs and settlement times. OpenPayd has previously said stablecoin-powered transfers can move funds between countries in seconds while leveraging traditional banking infrastructure at both ends of a transaction.

The license arrives amid growing competition among European financial institutions to build compliant stablecoin infrastructure as policymakers seek to foster innovation while maintaining oversight of the rapidly expanding digital asset sector. Concerns over Europe’s dependence on dollar-backed stablecoins have also prompted regulators and financial institutions to support the development of regulated Euro-denominated alternatives.

Stay tuned to BitKE for deeper insights into the European crypto regulatory space.

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