E Money Institutions news and trends

Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation

May 19, 2023
Interviews & Exclusives
Circle Says Lack of Direct EMI Access to EU Central Bank Accounts Stifles Payments Innovation

May 19, 2023
To access central bank accounts in the European Union (EU) today, electronic money token (EMT) issuers, and by extension all electronic money institutions (EMIs), have no choice but to rely on banking partners. That lack of direct access to fiat settlement affects stablecoin issuers like Circle — the regulated FinTech behind the USD coin (USDC), […]