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Nine prominent European banks have collaborated to create a euro-pegged stablecoin that adheres to MiCA regulations. The launch of this new digital payment solution is anticipated in the second half of 2026.
The consortium comprises nine significant European banks — ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International — which have united to issue a euro-pegged stablecoin. This digital payment instrument will fully comply with the MiCA regulation and marks the first initiative of its kind in the European market.
The stablecoin is designed to facilitate instant and cost-effective cross-border payments at any time, ensuring transparency and security through blockchain technology. It will be utilized for settlements in international trade, supply chains, and transactions involving digital assets, ranging from securities to cryptocurrencies.
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The consortium has already established a new company in the Netherlands, which will be licensed and overseen by De Nederlandsche Bank (DNB) as an electronic money issuer. The asset is set to launch in the second half of 2026.
This initiative is viewed as a response to the prevalence of dollar-pegged stablecoins in the European market and as a move towards enhancing Europe’s strategic independence in digital payments. Each participating bank will have the capability to provide additional services, such as wallets for holding the stablecoin and custodial services.
“Digital payments are essential for the new financial market infrastructure. They provide considerable efficiency and transparency, owing to the programmability features of blockchain technology and 24/7 instant cross-currency settlement. We believe this advancement necessitates a collective industry approach, and it is crucial for banks to adopt uniform standards,” stated Floris Lugt, Lead of Digital Assets at ING and a joint public representative of the initiative.
Another initiative viewed by the EU as a strategically vital measure to maintain control over monetary policy, ensure financial system stability, and uphold monetary sovereignty in the face of digitalization and the growing popularity of stablecoins is the proposed introduction of the digital euro (CBDC).
Сообщение 9 Leading European Banks to Launch Euro-Pegged Stablecoin появились сначала на CoinsPaid Media.
