A&O Shearman advised Banking Circle on the issuance of MiCA regulated stablecoin Eurite

As one of the first EURO stablecoins to be regulated under MiCA, EURI complies with stringent EU standards ensuring consumer protection, transparency, and financial stability, reducing legal risks and promoting a safer environment for trading and investment.

Baptiste Aubry, lead partner, comments: “This is a landmark transaction in the EU and a milestone for the European fintech landscape. As the first MiCA-regulated stablecoin backed by a bank in the EU, Eurite sets the tone for the integration of stablecoins into the EU financial system and its robust regulatory framework. It underscores the willingness of the industry to participate in the effort to safeguarding consumers and ensuring market integrity. This achievement also highlights the strength and expertise of our pan-European team, showcasing their ability to navigate complex legal environments and deliver innovative advice across multiple jurisdictions.”

The multijurisdictional A&O Shearman team was led from Luxembourg by financial regulatory services partner Baptiste Aubry, senior associate Andrei Costica, associates Angeliki Kontodimos  and Julien Frahi, global capital markets partner Paul Péporté and counsel Philippe Noeltner, with support from our London and Paris teams, including Ben Regnard-Weinrabe (partner, London), Rory Copeland (associate, London), Mia Dassas (partner, Paris), Pauline Robin (senior associate, Paris) and Marina Valdez (associate, Paris).