Bison Digital Assets, a subsidiary of Portugal's Bison Bank, has announced a partnership with Circle to provide access to regulated stablecoins compliant with European MiCA standards.
Partnership Strengthens Position
The integration of USD Coin (USDC) and Euro Coin (EURC) into BDA's platform allows customers to use these stablecoins for deposits, withdrawals, and payments. Issued by Circle, these stablecoins are fully backed by cash or cash-equivalent assets held at regulated financial institutions, ensuring users can exchange them for fiat currency at any time.
User Opportunities
With this integration, BDA customers can now use USDC and EURC to transfer funds in compliance with MiCA, providing faster and cheaper transactions compared to traditional banking transfers. The reserves backing these stablecoins offer security and transparency, with regular audits confirming their backing.
Role of Stablecoins in Finance
According to António Henriques, CEO of Bison Bank, stablecoins will play a fundamental role in the future of financial services, demonstrating the company's commitment to leading this transformation.
The partnership between Bison Digital Assets and Circle opens new opportunities for users and strengthens their position in the financial market, aligning with MiCA requirements and ensuring transparency and security of transactions.
