Aave Labs received approval to launch Push in Europe, a MiCA-regulated platform for exchanging euros for stablecoins.
Push Virtual Assets Ireland Limited, a subsidiary of Aave Labs, the developer of one of the largest lending DeFi platforms, obtained a crypto-asset service provider (CASP) license from the Central Bank of Ireland under the MiCA framework. This license allows the company to officially offer its services across the European Economic Area.
The regulator’s approval under MiCA enables Aave Labs to provide a fully licensed fiat-to-crypto exchange service for its clients in Europe. Specifically, Aave Labs’ Push service will allow users to convert euros into stablecoins with zero fees.
The service will give users secure and free access to on-ramp and off-ramp operations with stablecoins, including GHO, Aave Labs’ native stablecoin. The new infrastructure aims to create a unified, regulated solution for converting euros into digital assets integrated into Aave Labs products, while meeting consumer protection and transparency requirements.
The Aave protocol itself will remain fully decentralized, operating globally on public blockchains. MiCA regulations will apply only to Push as a standalone stablecoin exchange service.
In Q3 2025, the stablecoin sector’s market capitalization increased by $45.6 billion, with the total market value of stablecoins surpassing $300 billion for the first time.
