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ClearBank Gets Final MiCA Approval For Stablecoins
ClearBank sets its eyes on progressing the development and rollout of stablecoin services and accounts for customers as it bags a MiCA license.
MiCA framework is accepting more companies as CASPs (Crypto Asset Service Providers) for stablecoin transfers (Ethan Hu / Unsplash)
ClearBank has received its MiCA approval.
Regulated in the UK under the FCA (Financial Conduct Authority) and supervised in Holland by DNB (De Nederlandsche Bank) as well as others, ClearBank has been given the go ahead from AFM (Dutch Authority for Financial Markets). It will now able to service customers with stablecoin transfers using USDC and EURC stablecoins.
EU CEO Tristan Kirchner expressed:
“As digital assets become more embedded in financial infrastructure, we are excited to play a leading role in that transition as we continue to innovate to meet evolving client needs,” said Kirchner.
The banking infrastructure and services platform has one of the leading API's the many other providers and fintechs rely on around the world.
Meanwhile, the team will continue to improve its offering via a partnership with Coinbase, specifically looking to rollout native savings accounts to customers. It is not clear yet the savings rate or for what type of account this will be made available.
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