Something big just happened in Luxembourg. 🧡

Something big just happened in Luxembourg. 🧡 And most people will miss why it matters.

For the first time, a single player now holds:

• a banking licence
• an EMT (stablecoin) licence
• a CASP (crypto) licence All in one place.

This can be defined as convergence.

For years, finance has been split into boxes: banks on one side, payments in the middle and crypto somewhere else. Different rules. Different systems. Different worlds.

That separation is breaking. And this is what it looks like when it does.

Because what Banking Circle is building is clearly infrastructure. Infrastructure where fiat becomes programmable, stablecoins become usable and crypto becomes integrated. All under a regulated framework.

This is where things get interesting. Because the real question is no longer: “Will crypto be regulated?” But rather: “Who will be able to operate across all layers?”

Banking. Payments. Tokenized money. Few players can touch all three. Now one can.

And for Luxembourg? This is a signal. The game is no longer simply attracting players. It got focused on enabling full-stack financial ecosystems.

The lines are blurring. Quietly. But fast. And if you’re still thinking in silos… You’re already late. 🧡