OpenPayd Secures MiCA License to Offer Crypto Services Across EEA

Financial infrastructure provider OpenPayd said Wednesday it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing the company to offer crypto services across the European Economic Area via passporting. The license permits OpenPayd to operate as a crypto asset service provider (CASP) and provide services such as fiat-to-stablecoin on‑ramping and off‑ramping.

The authorization was issued by the Malta Financial Services Authority (MFSA), which has also granted MiCA licenses to OKX and Gemini. “Stablecoins are rapidly becoming part of mainstream financial infrastructure,” OpenPayd CEO Iana Dimitrova said, adding that MiCA gives businesses greater confidence to use digital asset technology for payments, treasury operations and growth.

About a year after launching its stablecoin infrastructure, OpenPayd said it processes more than $240 billion in annualized transaction volume for over 1,100 businesses worldwide, including Kraken, eToro, OKX and B2C2.

Malta, European Economic Area

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