In an endeavor to give access to Circle’s stablecoins in Europe, Clear Bank signed a partnership agreement with the stablecoin issuer.
UK-based financial institution, which provides clearing and banking infrastructure for fintechs, Clear Bank, signed an agreement with Circle’s subsidiary. This collaboration will help the European market access Circle’s fully reserved, MiCA-compliant stablecoins, USDC and EURC, through Circle Mint in Europe.
Mark Fairless, Chief Executive Officer at ClearBank, said:
“Joining Circle Payments Network will be a significant milestone in ClearBank’s evolution as a cross-border payments innovator. Circle is redefining how money moves globally, and this collaboration will bring together our strengths in regulated banking infrastructure with their leadership in digital currency technology.”
This partnership is more than just Europe being able to access regulated stablecoins. For Clear Bank, it is a milestone as it becomes the first European bank to join the Circle Payments Network (CPN).
This collaboration between a UK bank and a U.S.-based stablecoin issuer, Circle, contradicts a Senior European Central Bank advisor’s view about Europe losing monetary sovereignty and stability to the U.S. dollar.
In a blog post written in July 2025, Senior European Central Bank advisor, Jürgen Schaaf, mentioned, “Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption, there is also an opportunity for the euro to emerge stronger.”
