Euro Stablecoin License Granted to 37 Banks
The Dutch central bank has granted @Qivalis an electronic money institution license, advancing a 37-bank consortium towards launching a euro-pegged stablecoin. #Update #Crypto $EUR
The Dutch central bank has granted @Qivalis an electronic money institution license, advancing a 37-bank consortium towards launching a euro-pegged stablecoin. #Update #Crypto $EUR
The Eurosystem has initiated a digital euro innovation program, accepting applications until Nov. 9, 2026, to explore AI in payments and other features for testing in 2027. #Update #Crypto
ECB President Christine Lagarde warns that euro-denominated stablecoins threaten financial stability, contrasting with Bundesbank’s Joachim Nagel’s support for them; European banks continue stablecoin projects despite concerns. #Update #Crypto $USDC
French Finance Minister Roland Lescure urges EU banks to launch euro stablecoins by 2026, countering U.S. dominance with Tether’s $185B vs. Societe Generale’s €107M.
The European Central Bank (ECB) will introduce technical standards for the digital euro by summer 2026, with a pilot project starting in late 2027 to test inclusivity and integration. #Update #Crypto $EUR
The euro stablecoin market cap has surged to $680 million, doubling since the EU’s MiCA regulations took effect, with notable gains from EURS and EURC. Transaction volume also skyrocketed to $3.83 billion. #Update #Crypto $EURS
@BNPParibas joins nine banks to launch a euro-backed stablecoin via new entity Qivalis, targeting market entry by H2 2026 to challenge US dollar dominance. #Update #Crypto $EUR
European officials push for euro-backed stablecoins to reduce reliance on dollar-pegged assets, with major banks planning launches by late 2026; digital euro expected by 2029. #Update #Crypto $EUR
Nine major European banks, including @ING and @UniCredit, are launching a euro-denominated stablecoin under MiCA regulations, aiming for efficient cross-border payments by 2026. #Update #Crypto $EUR
The digital euro may leverage @Ethereum or @Solana for global expansion, with ECB warning of potential bank deposit substitution; CBDC implementation could take up to three years post-approval. #Update #Crypto $ETH $SOL
XRP’s potential surge to $10 hinges on Bitcoin Dominance drop and Ripple’s regulatory clarity, with strategic acquisitions and ETF approvals boosting investor confidence. #Update #Crypto $XRP (+6) ↗
The latest @ecb report forecasts the digital euro will replace some banknotes, altering European money use and impacting bank deposits. #Update #Crypto (+3) →
The EU’s MiCA regulations boost euro-denominated stablecoins like Circle’s EURC, while Tether phases out its EURT due to compliance issues, JPMorgan reports. Tether invests in MiCA-compliant issuers to maintain EU presence. #Update #Legal $EURC (+6) ↗
Europe faces pressure to secure financial independence as reliance on @Visa and @Alipay grows; Burkhard Balz from Deutsche Bundesbank emphasizes the digital euro’s role in maintaining sovereignty. • #Update • #Legal • @Visa • (+3) • →