Bison Digital Assets, a subsidiary of Portuguese Bank Bison, has partnered with Circle to provide access to regulated stablecoins that comply with the EU Markets Framework in Cryptoassets.

The partnership integrates Circle's USD currency (US dollars(and the euro currency)Yurok) on the BDA platform, allowing customers to use these stablecoins for deposits, withdrawals and payments.

Stablecoins are cryptocurrencies designed to maintain a constant value by being backed 1:1 by traditional currencies such as the Euro or US Dollar. USDC and EURC, issued by Circle, are entirely backed by cash or cash equivalent assets held at regulated financial institutions, According to To the company version.

This ensures that customers can exchange it for its equivalent value in fiat currency at any time.

Circle's MiCA compliant transmissions

Through this integration, BDA clients can now use USDC and EURC to transfer funds across blockchain networks in compliance with MiCA, the EU’s comprehensive regulation for cryptocurrencies. MiCA aims to bring clarity and security to the cryptocurrency market by setting clear rules for coin issuers and service providers.

For users, this means that transactions with USDC and EURC are designed to be faster and cheaper than traditional bank transfers.

At the same time, reserves support this stablecoins Providing security and transparency, with regular third-party audits to confirm their support.

Antonio Henriques, CEO of Bison Bank, highlighted the importance of the collaboration, saying: “We believe that these (stablecoins) will play an essential role in the future of financial services, and we are committed to leading this transformation.”