Aave Labs has secured MiCA authorisation from the Central Bank of Ireland for its subsidiary Push Virtual Assets Ireland Limited, clearing it to offer regulated euro↔stablecoin on/off-ramps across the EEA. The service (Push) will support conversions into Aave’s native stablecoin GHO and other integrated assets, and is being launched with zero conversion fees (Aave has not said whether zero-fee pricing is permanent).
Aave said compliant, audited payment pathways are critical for onboarding mainstream users into DeFi, replacing reliance on centralised exchanges for fiat conversion with a MiCA-supervised bridge. Ireland’s approval positions Dublin as a growing hub for on-chain finance; major firms such as Kraken also hold Irish MiCA licences, enabling passported services across all 30 EEA states.
What users get
- Regulated access. Euro deposits/withdrawals under Central Bank of Ireland oversight, passportable across the EEA via MiCA.
- Zero-fee ramps. Introductory pricing announced; duration not specified.
- Asset coverage. GHO plus other supported stablecoins within Aave’s product suite.
Compliance
A DeFi-native team operating a compliant fiat bridge is a notable shift in European market structure. It reduces onboarding friction for wallets and apps integrating Aave liquidity (where users currently borrow ~$22.8B) and could steer more euro flows on-chain under a single rulebook.
Context
MiCA creates a harmonised licensing regime for Crypto-Asset Service Providers (CASPs), enabling cross-border operations once authorised in an EU member state. Ireland has become a preferred locus for approvals and passporting.
The fine print
Push’s zero-fee structure may change; Aave has not published a duration. Product specifics (limits, supported banks, and exact asset list) will depend on ongoing approvals and integrations.
Disclosure: This article is for information purposes only and does not constitute investment, legal, accounting, or tax advice. Availability and pricing (including any “zero-fee” offers) may change and vary by jurisdiction. Always do your own research and seek professional advice.
