Kraken, a global cryptocurrency exchange, has partnered with an affiliate of Circle Internet Group, Inc. to expand access to USDC and EURC on its platform. The partnership aims to support the development of onchain financial applications.

Stablecoin Liquidity Since 2017

Kraken has been a provider of stablecoin liquidity since 2017. The collaboration with Circle is intended to increase liquidity , lower conversion fees, and provide access to Circle’s euro-denominated stablecoin , EURC.

Growing Demand and Regulatory Clarity

The company said demand for stablecoins on its platform has grown steadily. Regulatory clarity in several jurisdictions and rising confidence in the market have contributed to this trend.

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“Expanding support for Circle’s products isn’t about ticking boxes,” Mark Greenberg, Global Head of Kraken’s Consumer Business, commented.

“It’s about embedding new opportunities to benefit from Circle’s stablecoins into products our clients already use and trust.”

First Global Stablecoin Issuer to Meet EU MiCA Regulations

Meanwhile, Circle has registered as an electronic money institution in France. This allows the firm to operate as a compliant stablecoin issuer under the EU’s Markets in Crypto-Assets regulations, making Circle the first global stablecoin issuer to meet these requirements.

The company can now issue USDC and EURC in the EU and offer minting and redemption services via Circle Mint. MiCA sets rules for stablecoin issuance and trading, with full compliance required by July 2026. Circle’s registration enables EU-wide services under these regulations.