OpenPayd Gains MiCA Approval to Expand Stablecoin Services Across Europe

TLDR

• OpenPayd gains MiCA approval to expand regulated stablecoin services.

• MiCA approval lets OpenPayd serve EEA clients through one license.

  

• OpenPayd will offer stablecoin ramps, custody, wallets, and transfers.

• The approval arrives before Europe’s July 1 MiCA transition deadline.

• OpenPayd strengthens its role in regulated fiat and digital payments.

OpenPayd secured MiCA Approval on June 24, expanding its regulated stablecoin services across the European Economic Area. The MiCA Approval gives the company crypto-asset service provider status under one European license. It also strengthens OpenPayd’s role in connecting traditional banking systems with digital asset infrastructure.

MiCA Approval Expands Regulated Services

The MiCA Approval allows OpenPayd to provide fiat-to-stablecoin conversion services across the EEA. The authorization also covers custody, wallet infrastructure, and stablecoin transfers across major blockchain networks. Businesses can access these services through OpenPayd’s existing financial infrastructure platform.

OpenPayd connects fiat payments and digital assets through one application programming interface. Therefore, clients can move funds without combining separate banking and crypto service providers. The company said this setup supports treasury, settlement, and cross-border payment operations.

The MiCA Approval also enables OpenPayd to use European passporting rules after completing required notifications. Consequently, the company can serve multiple EEA markets without obtaining separate national licenses. However, OpenPayd did not identify the regulator or country that granted the authorization.

Stablecoin Platform Supports Business Payments

OpenPayd launched its stablecoin infrastructure one year before receiving the MiCA Approval. Since then, the company has expanded the platform across treasury management, settlement, and international payment services. It now handles both fiat currencies and digital assets within one operating system.

The company processes more than $240 billion in annualized transaction volume for over 1,100 businesses worldwide. Its clients include Kraken, eToro, OKX and digital asset trading firm B2C2. These volumes show OpenPayd’s existing scale before its regulated European expansion.

OpenPayd also strengthened its stablecoin network through several partnerships during the past year. Circle selected the platform to support fiat conversions involving the USDC stablecoin. TON Foundation chose OpenPayd for treasury operations, grants, and international fiat transfers.

Approval Arrives Before MiCA Deadline

OpenPayd announced its MiCA Approval shortly before Europe’s July 1 transitional deadline. After that date, firms must meet applicable authorization requirements when national transition periods expire. The deadline has pushed crypto companies to secure licenses or adjust their European operations.

Several companies also received MiCA-related approvals during June. Bitcoin Suisse obtained authorization in Liechtenstein, while Conio secured approval for custody and transfer services in Italy. Ripple also received preliminary approval in Luxembourg, subject to remaining regulatory requirements.

Europe hosted more than 3,000 virtual asset service providers during 2024. However, only 194 crypto-asset service providers, including credit institutions, held authorization by May 2026. MiCA Approval remains essential for companies seeking continued access across regulated European markets.

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