ClearBank Receives MiCA Approval to Launch Stablecoin Services

ClearBank announced that it has received approval under the EU's Markets in Crypto-Assets Regulation (MiCA) and obtained a Crypto Asset Service Provider (CASP) license issued by the Netherlands Authority for the Financial Markets (AFM). The bank plans to launch digital asset services, including stablecoins. ClearBank intends to support EURC and USDC stablecoins to enhance cross-border transfer and payment efficiency and will offer savings account services through Coinbase, covered under the UK's Financial Services Compensation Scheme (FSCS).