Digital Euro Association partners with Circle

The Digital Euro Association (DEA) is delighted to announce its partnership with Circle Internet Financial, LLC. Circle is a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes and is the principal issuer of USD Coin (USDC), a dollar digital currency. USDC is one of the largest and fastest-growing dollar digital currencies worldwide, with a current market capitalization of more than 50 billion US dollars. Circle will become a supporting member with the DEA and will contribute to the DEA’s mission to improve education, build a community, and foster collaborations around digital money.

"Circle has a strong global footprint as one of the leading global internet finance companies has a clear mission: To raise global economic prosperity through the frictionless exchange of financial value. This is also very important for the DEA. This partnership will further expand the DEA’s presence in the US to also contribute to the debate on digital money outside the euro area. We are delighted to now have first-hand expertise around fiat-backed stablecoins within the DEA", says Jonas Gross, Chairman of the Digital Euro Association.

"Circle is proud to join the Digital Euro Association to pave a pathway for responsible digital currency innovation in Europe. The power of blockchain-based infrastructure and always-on digital currencies and financial services are in line with EU policy principles promoting competition and interoperability in payments while ensuring EU competitiveness in the emerging digital assets market," said Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy. 

About the DEA

The Digital Euro Association (DEA) is a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money based in Frankfurt, Germany. In particular, it focuses on the digital euro. It is the DEA's mission to contribute to the public and political discourse through research, education, and by providing a platform and community for policy-makers, technologists, and economists to discuss digital money-related topics. The DEA is committed to independence and excellence, aiming to set the agenda and to shape policy by encouraging new ideas and forward-thinking in the field of digital money. 

About Circle

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the principal operator of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S. Learn more at https://circle.com.