The financial infrastructure platform OpenPayd reported that it has obtained its license under the European Union’s Markets in Crypto-Assets (MiCA) framework, granted by the Malta Financial Services Authority (MFSA). This authorization empowers the entity to operate in a regulated manner as a Crypto Asset Service Provider (CASP) across the entire European Economic Area (EEA), guaranteeing key services such as digital asset custody, fiat-to-stablecoin on/off-ramps, and corporate transfer management.
This achievement by the firm comes at a time of growing stablecoin adoption in treasury management and cross-border payments by institutional clients. By unifying its operations under the MiCA regulatory framework, OpenPayd—which processes over $240 billion in annual transaction volume for global firms like Kraken, eToro, and OKX—is firmly positioned to mitigate friction between traditional banking and blockchain networks, eliminating legal uncertainty for companies in the region.
With this regulatory milestone completed ahead of the EU’s final transition deadlines, OpenPayd’s next step will focus on the immediate deployment and large-scale integration of its stablecoin API for European corporations seeking to optimize their global settlements.
Source: https://goo.su/BgOPob
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