OpenPayd Gets MiCA License as Stablecoin Use Expands in Europe

OpenPayd, a London-based financial infrastructure provider focused on stablecoin rails, says it has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The approval enables the firm to provide crypto services across the European Economic Area (EEA) through passporting, expanding its ability to operate under a unified EU framework.

In announcing the authorization, OpenPayd said its status as a crypto asset service provider (CASP) allows it to support fiat-to-stablecoin on-ramping and off-ramping. The company framed MiCA as a milestone that should increase confidence for businesses looking to use digital asset technology for payments, treasury workflows, and growth initiatives.

Key takeaways

• OpenPayd received MiCA authorization from the Malta Financial Services Authority (MFSA), allowing EEA-wide service delivery via passporting.
• The CASP authorization covers use cases such as fiat-to-stablecoin on- and off-ramping.
• OpenPayd said it serves more than 1,100 businesses globally and processes annualized transaction volume exceeding $240 billion.
• The news arrives shortly before the July 1 MiCA transitional deadline, when firms increasingly need formal authorization to continue operating.
• OpenPayd is also pursuing a potential US public listing tied to a proposed Nasdaq merger deal.

MiCA authorization and what it allows OpenPayd to do

OpenPayd’s new authorization positions it as a CASP under MiCA. According to the company’s statement seen by Cointelegraph, the license supports services aimed at connecting traditional fiat payments with stablecoin settlement—specifically fiat-to-stablecoin on-ramping and off-ramping.

OpenPayd’s leadership linked the approval to broader adoption of stablecoins within financial infrastructure. CEO Iana Dimitrova said stablecoins are becoming part of mainstream financial plumbing, and that MiCA provides businesses with more confidence to integrate digital asset technology into payments and treasury operations.

The authorization was issued by the Malta Financial Services Authority (MFSA), an OpenPayd spokesperson told Cointelegraph.

Why the timing matters: MiCA’s July 1 transitional deadline

OpenPayd’s license comes just days ahead of July 1, a transitional deadline under MiCA that has accelerated efforts by crypto firms across Europe to secure formal authorization. The closer the deadline approaches, the more business continuity planning depends on receiving regulatory clearance rather than relying solely on transitional arrangements.

Cointelegraph reports that activity is already ramping up across jurisdictions. For instance, Bitcoin Suisse secured a MiCAR (MiCA-adjacent) license in Liechtenstein on Tuesday, while Ripple announced preliminary CASP approval in Luxembourg. OpenPayd’s MFSA authorization fits into this wider push for EU compliance as companies prepare for what becomes increasingly a “real license” environment across the bloc.

OpenPayd’s operating footprint and customer base

This new MiCA status follows about a year after OpenPayd launched stablecoin infrastructure designed to help businesses manage both fiat currencies and digital assets from a single platform. The company says it processes more than $240 billion in annualized transaction volume and supports over 1,100 businesses worldwide.

OpenPayd also highlighted existing relationships, listing clients including Kraken, eToro, OKX, and B2C2. For investors and counterparties, these details matter because MiCA authorization is not only a compliance milestone—it can also reduce operational friction for regulated providers that want stablecoin rails that meet EU standards.

OpenPayd’s broader MiCA positioning also places it in the growing set of firms already moving through EU licensing routes. The authorization follows examples of other market participants that have publicly described receiving MiCA approvals, including OKX and Gemini (information referenced in the original reporting), signaling that the compliance landscape is becoming more crowded—and more competitive—across Europe.

Link to OpenPayd’s Nasdaq listing plan

Regulatory progress is arriving while OpenPayd pursues a potential public listing in the United States. Earlier in June, the company announced a proposed merger with a special purpose acquisition company, Titan Acquisition Corp, which OpenPayd said would target a Nasdaq listing. Under the plan, the shares would trade under the ticker “OP,” subject to approval.

OpenPayd has said the transaction values the firm at about $1.1 billion and is expected to close in the fourth quarter of 2026, with completion dependent on shareholder and regulatory approvals. While MiCA licensing mainly affects OpenPayd’s European operating permissions, the company’s listing strategy points to how compliance traction may be used to support fundraising and broader market access.

What to watch next

With July 1 approaching, the next key signals will be whether more providers secure MiCA authorizations before the deadline and how quickly firms convert those approvals into expanded product rollouts. For market participants relying on stablecoin on- and off-ramping, OpenPayd’s MFSA clearance underscores the direction of travel: regulation is becoming a gating factor for cross-border crypto services inside the EEA.

This article was originally published as OpenPayd Gets MiCA License as Stablecoin Use Expands in Europe on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.