AAVE Labs became one of the first major decentralized finance (DEFI) projects to receive authorization under Europe’s new Markets in Crypto Assets (MICA) regulation, allowing the company to offer a regulated stablecoin ramp in the European Economic Area (EEA).
“Push,” from the approval, enables AAVE Labs’ fiat-to-crypto service to allow users to convert between euros and crypto assets, including the AAVE protocol’s hometown stablecoin, GHO. The Central Bank of Ireland gave the go-ahead to Virtual Assets Ireland Limited, which is wholly owned by AAVE Labs.
The company chose Ireland for its European operations, indicating that the country is becoming a preferred hub for uncontested Onchin finance under Mica. On June 25, crypto exchange Kraken received its MACA authorization in Ireland, allowing it to expand its offerings across Europe.
The move comes as global stablecoin supply surpasses $300 billion in 2025, signaling strong demand for fiat-pegged crypto assets. At the time of writing, Kongiko data shows that the stablecoin market in the crypto sector has a total cap of $312 billion.
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Ayu’s push unlocks regular access to GHO and other stable queens
With its MICA approval secured, Push will offer regulated and off-ramp GHO and other stablecons integrated into EAV’s product suite.
According to AAVE’s announcement, the exchange fee is set at zero, a competitive rate compared to legacy fintech providers and common fee structures in centralized exchanges (CEXS).
Although the protocol introduced the product as a “zero fee” solution, it did not specify whether this fee structure was permanent or linked to an introductory period.
AAVE Labs said payment-based infrastructure is mainstreaming for developers who will bring mainstream users on board DeFi.
By providing a predictable, audited path between Euro and crypto assets, DeFi can reduce one of the biggest frictions in adoption: reliance on CEX for fiat-to-crypto conversions.
The ability to operate a fiat bridge represents a significant change as the protocol supports tens of billions of stablecoin liquidity, according to the Defi-local organization.
According to Defilma, AAVE processed a volume of 2 542 million in the last 24 hours alone. The data aggregator also showed that the total value of assets borrowed by consumers from AAVE’s lending pools is over $22.8 billion.
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