OpenPayd secures MiCA license as stablecoin adoption grows in Europe
OpenPayd secured authorization under the EU’s Markets in Crypto-Assets Regulation (MiCA), enabling it to provide crypto services across the European Economic Area through passporting. As a crypto asset service provider, it can offer fiat-to-stablecoin on- and off-ramping. The approval comes just before the July 1 MiCA transitional deadline, as firms rush to obtain compliance. OpenPayd did not say which regulator issued the license or where. The company says its stablecoin infrastructure supports more than 1,100 businesses and processes over $240 billion in annualized transaction volume, with clients including Kraken, eToro, OKX and B2C2. OpenPayd is also pursuing a US listing via a proposed SPAC merger that could take it public on Nasdaq under the ticker “OP.”
