Overview
- ClearBank, which says it is the first Dutch credit institution with this status, received AFM confirmation to operate as a crypto‑asset service provider under the EU’s MiCA rules.
- The bank will connect to Circle’s Mint platform to give institutional clients direct access to EURC and USDC, the euro‑ and dollar‑pegged stablecoins.
- Clients will be able to swap bank deposits for those stablecoins and redeem them back to euros or dollars within a regulated account.
- The MiCA notification route allows ClearBank to start these services without applying for a new license.
- The bank cites more than 270 institutional clients, 1.7 million individual customers, and over $13 billion in assets, signaling institutional reach for the rollout.