Aave Labs has become one of the first major DeFi projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) framework, clearing the way for the company to offer regulated stablecoin on- and off-ramps across the European Economic Area (EEA).
The approval allows Aave Labs’ fiat-to-crypto service, “Push,” to enable seamless euro-to-crypto conversions, including support for the Aave protocol’s native stablecoin, GHO. The authorization was issued by the Central Bank of Ireland to Push Virtual Assets Ireland Limited, a wholly owned Aave Labs subsidiary.
By choosing Ireland as its European base, Aave Labs reinforces the country’s growing position as a preferred hub for MiCA-compliant onchain finance. The trend was underscored earlier this year when Kraken received its own MiCA authorization in Ireland on June 25, paving the way for expanded services across Europe.
The move comes amid surging global demand for stablecoins, with total supply surpassing $300 billion in 2025. According to CoinGecko, the overall stablecoin market cap currently stands at $312 billion.
Aave’s Push service will now provide regulated access to GHO and other stablecoins within the Aave ecosystem, following its MiCA authorization.
Aave says Push will offer zero-fee on- and off-ramps—an aggressive pricing strategy compared with the typical fee structures used by traditional fintech platforms and centralized exchanges (CEXs). However, the protocol did not clarify whether the zero-fee model is permanent or part of an introductory rollout.
Aave Labs emphasized that compliant payment rails are essential for developers aiming to bring mainstream users into DeFi. By creating an audited, predictable path between euros and crypto assets, Push could help eliminate one of the sector’s biggest bottlenecks: reliance on CEXs for fiat-to-crypto conversion.
The launch highlights a notable shift, as a DeFi-native organization now operates a regulated fiat bridge while supporting tens of billions in stablecoin liquidity. According to DefiLlama, Aave handled $542 million in volume over the past 24 hours, and total assets borrowed from its lending pools exceed $22.8 billion.
