Merchant acquirer Checkout.com has bought Blue EMI, a Lithuanian licensed electronic money issuer with authorization to issue stablecoins for circulation throughout the European Union under MiCA regulations. Checkout.com is a substantial company having processed more than €300 billion in e-commerce volumes in 2025, which represented 70% growth. Clients include eBay, Uber, Pinterest, Financial Times and Sony. The payments company plans to set up an innovation hub in Vilnius.
“Europe has set the global pace for the evolution of digital money, creating a framework that allows innovation to thrive with trust”, said Guillaume Pousaz, Founder and CEO of Checkout.com. “Our acquisition of Blue EMI is a strategic investment in the European fintech ecosystem. This move, alongside the new Vilnius hub ensures we continue to drive the high-skilled innovation required to keep our customers ahead in a rapidly evolving global digital economy”.
It’s also not the company’s first stablecoin experience. The company was a Libra member, the global stablecoin payments network founded by Facebook/Meta, which was blocked by regulators. While US dollar stablecoins continue to dominate stablecoin payments, euro issuances are growing apace, albeit from a small base. For example, the two largest regulated euro stablecoins, Circle’s EURC and SocGen FORGE’s EURCV have a combined market capitalization of $463 million. That’s 270% growth since the start of 2025.
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