In brief: Regular Finance, a Paris-based French Fintech, says it has received MiCA Authorization from France’s AMF, allowing it to provide five crypto-asset services and passport them across the European Union. Its Stablecoin Yield offer targets annual returns of 5% to 5.80%, paid daily, through strategies involving stablecoin liquidity pools and lending. The rate is a target, not a guarantee: DeFi, liquidity and stablecoin risks remain even when the assets are designed to track a currency.
Regular Finance has announced that the French financial markets authority, the AMF, granted it authorization as a crypto-asset service provider under the European MiCA framework. The Paris-based company says the approval, registered under number A2026-030, expands its earlier French registration and allows it to offer its services across the European Union. For customers, the most visible part of that development is a product designed to make yield strategies accessible without requiring them to interact directly with a blockchain.
Customers transfer euros to Regular, which says it converts the funds into stablecoins such as USDC or EURC and allocates them to decentralized finance pools. The company currently advertises a target annual yield of 5% to 5.80%, paid daily. That figure should not be mistaken for a fixed or guaranteed interest rate: returns depend on activity and risks in the underlying pools, while MiCA authorization does not eliminate the possibility of losses.
Regular Finance’s MiCA Authorization expands its services in Europe
Regular says its previous French registration covered custody and the exchange of crypto-assets for euros. Its new authorization covers five services, including crypto-asset portfolio management, which is central to the company’s yield strategy. The approval also gives it a passport to offer authorized services across the EU, subject to the applicable rules.
This is part of a broader shift in Crypto Regulation: European providers increasingly need to demonstrate that their operations meet a shared regulatory framework. MiCA brings requirements and supervisory oversight to the sector, but customers should still check exactly which services a provider is authorized to offer. For more background on the regulator’s role, see this overview of AMF rules for crypto businesses and this report on another firm’s MiCA authorization in France.
What the authorization means for customers
For a beginner, the practical change is that Regular can pursue its portfolio-management model under a broader MiCA authorization, rather than relying only on its earlier registration. The company says the framework supports its European expansion; it does not mean that the AMF guarantees the product’s performance or protects users from every investment risk.
That distinction matters across Stablecoin Regulation. Authorization concerns the provider and its permitted services, while the value and operation of stablecoins, DeFi protocols and liquidity pools involve separate considerations. A useful comparison is Circle’s regulatory position in France, described in this account of Circle’s MiCA approval.
How Regular’s stablecoin yield strategy works
Regular’s stated process begins with a euro bank transfer. The platform handles the conversion into stablecoins and the allocation to DeFi, so customers do not need to connect a wallet or manually move Digital Assets between protocols. The company says each client holds liquidity-provider tokens linked to a portfolio of between five and fifteen pools, depending on their profile, with no single pool representing more than 25% of that portfolio.
In practical terms, a hypothetical customer such as Léa can fund an account in euros and let the platform manage the on-chain steps. The returns are generated through swap fees from liquidity pools and lending activity, rather than from an advertised rise in the price of volatile cryptocurrencies. This can make the experience feel simpler, but the underlying strategy still depends on DeFi protocols and the stablecoins used.
Target returns, fees and access to funds
Regular currently sets a target annual yield between 5% and 5.80%, with payouts made daily. In the company’s example, pools generate 7.50% and the customer receives 5.50%, while Regular retains the remaining 2%; the company says its margin can vary to help smooth the rate it pays. The displayed yield is net of service fees, and Regular says it does not charge a subscription.
The firm says accounts are available to individuals and businesses, with no stated balance cap, and that withdrawals can be requested at any time without a withdrawal fee, generally arriving within 48 hours. These terms describe the platform’s offer, not a promise that funds will always be instantly available under every market condition. Before depositing, customers should understand how redemption, pool liquidity and protocol disruptions could affect access.
Stablecoin Regulation does not remove DeFi investment risk
Stablecoins aim to track the value of a currency, but that design does not make them risk-free. Their stability can depend on the issuer, reserves, redemption arrangements and market conditions; DeFi pools add risks such as smart-contract vulnerabilities, changing liquidity and fluctuations in returns. A target yield is therefore different from a bank deposit rate or a guaranteed return.
For anyone considering a Yield Products platform, the key questions are straightforward: which assets and protocols are used, how the portfolio is diversified, what happens if a stablecoin loses its peg, and how withdrawals are handled during market stress? Fintech Compliance can make a provider’s responsibilities clearer, while careful risk assessment remains essential for each customer. Regular’s model reflects Financial Innovation in making DeFi strategies easier to access, but simplicity of use should never replace understanding how the returns are generated.
