OpenPayd wins MiCA authorization, clears way to scale stablecoin services across the EEA
OpenPayd has secured authorization under the EU’s Markets in Crypto-Assets Regulation (MiCA), a move that clears the fintech provider to offer regulated crypto services across the European Economic Area via a single passportable license. The company announced the approval on June 24, just days before MiCA’s transitional period ends on July 1.
What OpenPayd can now offer
Under the MiCA authorization OpenPayd says it can deliver a full suite of regulated services across the EEA, including:
- Fiat-to-stablecoin on- and off-ramps
- Custody and wallet infrastructure
- Stablecoin transfers across major blockchain networks
These services are exposed to clients through a single API that links traditional banking rails with digital-asset infrastructure, enabling businesses to move and manage fiat and crypto from the same platform.
Why it matters
OpenPayd CEO Iana Dimitrova framed the approval as a milestone for broader adoption: “Stablecoins are rapidly becoming part of mainstream financial infrastructure. MiCA is a major step forward for Europe because it gives businesses the assurance to leverage digital asset technology to improve their payments and treasury and to grow.”
The company launched its stablecoin infrastructure a year ago and says it has since extended use cases to treasury management, settlement and cross-border payments. OpenPayd reports processing more than $240 billion in annualized transaction volume for over 1,100 customers worldwide, naming clients such as Kraken, eToro, OKX and B2C2.
A detail left out
OpenPayd did not disclose which national regulator issued the MiCA authorization or the jurisdiction in which it was granted.
Regulatory timing and industry context
The authorization comes at a crucial moment: licensed firms under MiCA can passport services across the EEA after completing notification steps, and June approvals have surged ahead of the July 1 transitional deadline. OpenPayd joins peers that announced MiCA-related approvals in recent days — Bitcoin Suisse secured a license in Liechtenstein (June 23), Ripple received a Green Light Letter for preliminary CASP approval in Luxembourg, and Italy’s Conio also obtained authorization in June.
Broader market snapshot: a recent report noted Europe had more than 3,000 virtual asset service providers in 2024 but only 194 authorized crypto-asset service providers (including credit institutions) as of May 2026 — underscoring the gap between market activity and formal regulatory approvals.
Partnerships and growth trajectory
OpenPayd has been sharpening its focus on stablecoin infrastructure through several strategic integrations:
- In June, Circle partnered with OpenPayd to enable businesses to convert between fiat currencies and USDC.
- In December, the TON Foundation tapped OpenPayd for fiat infrastructure to support treasury operations, ecosystem grants and international fiat transfers.
Public listing plans
Separately, OpenPayd is pursuing a U.S. public listing via a proposed merger with SPAC Titan Acquisition Corp. The deal would value the company at roughly $1.1 billion and, if approved, list its shares on Nasdaq under the ticker “OP.” The company expects the transaction to close in the fourth quarter of 2026, subject to shareholder and regulatory approval.
Bottom line
OpenPayd’s MiCA authorization bolsters its position as a regulated bridge between traditional banking and digital assets across Europe. With high-volume clients, prominent partnerships and an eye on a U.S. listing, the company is positioning itself to be a major stablecoin infrastructure provider as MiCA brings clearer rules to the market.
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