Aave Labs enters the European stablecoin market with a MiCA license

Key poiyns:

• Aave Labs has received MiCA authorization from the Central Bank of Ireland.
• The Push service can offer regulated conversion of euros into cryptocurrencies, including the GHO stablecoin.
• The license gives the project access to the entire EEA and makes it one of the first major DeFi companies to operate in compliance with MiCA.

Aave Labs has become one of the first major companies in the decentralized finance space to obtain authorization under the European MiCA regulation. This has paved the way for the project to offer fully regulated stablecoin trading across the European Economic Area (EEA).

Thanks to this approval, Push, Aave Labs’ platform for converting fiat currencies into cryptocurrency, can now offer services for exchanging euros for digital assets, including its own overcollateralized stablecoin, GHO. The license was issued by the Central Bank of Ireland to Aave’s subsidiary, Push Virtual Assets Ireland Limited, which is responsible for the project’s European operations.

Source: X.com

The license for Aave Labs came just a few months after Kraken exchange received similar MiCA approval on June 25.

The license coincided with the active growth of the global stablecoin market. In 2025, the total supply of such assets exceeded $300 billion. Stable demand for crypto assets pegged to fiat currencies is driving interest in regulated conversion channels among both institutional players and private users.

Advantages of the license

After receiving MiCA approval, the Push service will be able to provide controlled and secure euro inflows and outflows for GHO and other stablecoins integrated into the Aave product ecosystem. Aave Labs also stated that the launch of the service will be accompanied by zero conversion fees, making the offer competitive compared to fintech companies and centralized exchanges, which often charge significant fees or spreads.

However, company representatives did not specify whether the zero-fee model would be permanent or whether it would be used as a temporary incentive mechanism.

In October, Swiss startup Relai received a MiCA license from the French regulator AMF, becoming one of the first specialized bitcoin companies with such a license in Europe.