Aave Labs Secures MiCAR License for Zero-Fee Cryptocurrency Conversions in the EEA

Aave Labs has obtained a crucial authorization from Ireland’s Central Bank, granting them a CASP license under the EU’s MiCAR framework. This allows Push Virtual Assets Ireland Limited, Aave Labs’ subsidiary, to offer fee-free cryptocurrency on/off-ramping for users across the European Economic Area (EEA). This move is significant as it enables seamless conversions between euros and digital assets like GHO, Aave’s stablecoin, with zero transaction fees.