Aave Labs has secured authorization under Europe’s MiCA framework, becoming one of the first major DeFi projects to operate a regulated fiat-to-crypto service across the EEA. The approval, issued by the Central Bank of Ireland to Aave’s subsidiary Push Virtual Assets Ireland Limited, allows users to convert euros directly into crypto assets, including Aave’s native stablecoin GHO, with zero listed fees.
Ireland is quickly emerging as a key hub for compliant crypto services, following similar MiCA approval recently granted to Kraken. The development arrives as global stablecoin supply exceeds $300 billion, highlighting rising demand for regulated, fiat-linked digital assets across Europe.
Aave Labs said the Push service will provide a transparent, audited on- and off-ramp designed to ease dependence on centralized exchanges. With Aave processing over $542 million in 24-hour volume and more than $22.8 billion borrowed across its lending pools, the ability for a DeFi-native protocol to run a compliant fiat bridge marks a major milestone for mainstream crypto adoption.

Source