Nine European Banks to Launch Euro-Denominated Stablecoin
- Nine major European banks, including ING, Banca Sella, KBC, Danske Bank, and UniCredit, plan to launch a euro-denominated stablecoin.
- The consortium is headquartered in the Netherlands and is seeking a license as an e-money institution supervised by the Dutch Central Bank.
- This initiative aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, fully effective from December 2024.
- Euro stablecoin trading volume has surged recently due to increased demand for alternatives to USD-pegged assets.
- UniCredit launched crypto-related investment products linked to BlackRock’s Bitcoin ETF in mid-2025.
Nine European banks have formed a consortium to launch a euro-denominated stablecoin. This move aligns with the EU’s MiCA framework and reflects rising institutional adoption of stablecoins as alternatives to USD-pegged assets.
Source (3.2)https://cryptobriefing.com/european-banks-euro-stablecoin-launch/?rand=59535
