Aave Labs has been licensed by MiCAR to launch Push zero-fee stablecoin deposit and withdrawal services.
TL;DR
Aave Labs' subsidiary Push is authorized under MiCAR to offer zero-fee stablecoin deposit/withdrawal services in the EEA, enabling easy Euro-digital asset conversions with consumer protection.
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PANews reported on November 13th that Push Virtual Assets Ireland Limited, a subsidiary of Aave Labs, has been authorized by the Central Bank of Ireland (CASP) under the EU's MiCAR framework to launch a regulated, zero-fee stablecoin deposit/deposit service in the EEA, supporting GHO and other stablecoins. This service allows users to easily convert between Euros and digital assets, emphasizing consumer protection and transparency. Aave Labs has chosen Ireland as its EEA operations center; the authorization only applies to compliant deposits and withdrawals for Push, and the decentralized Aave Protocol remains unaffected.