Euro Stablecoin Set for 2026 Launch as 9 Banks Unite – Best Wallet Token ($BE...
On September 25, 2025, nine European banks formed a consortium to develop a euro-backed stablecoin, set to launch in the second half of 2026. The consortium has created a new Netherlands-based company to issue the token. The central European banks forming the consortium include UniCredit (Italy), ING (Netherlands), DekaBank (Germany), Banca Sella (Italy), KBC Group (Belgium), Danske Bank (Denmark), SEB (Sweden), CaixaBank (Spain), and Raiffeisen Bank International (Austria). The goal is to challenge dollar dominance in stablecoins. The current stablecoin market is almost entirely dominated....
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Nine major European banks have formed a consortium to launch a MiCAR-compliant euro-based stablecoin in the second half of next year. ING, UniCredit, & Other European Banks Are Coming Together For Stablecoin As announced in a press release by Italian banking giant UniCredit, the bank is joining forces with eight other major European institutions to launch […]
Swedish fintech firm Klarna has entered the cryptocurrency space with the announcement of a USD stablecoin, set to roll out in 2026. Klarna To Launch Stablecoin On Tempo Blockchain As announced in a press release, Klarna has launched its stablecoin on Tempo’s testnet. The stablecoin, called KlarnaUSD, is backed one-to-one by the US Dollar, and […]
Per an EY-Parthenon survey, 54% of business leaders who have yet to touch stablecoins plan to do so by 2026. Why the change of heart? Lower transaction costs and faster cross-border payments are the main reasons organizations are turning to stablecoins. Since crypto wallets play a key role in enabling stablecoin transactions, choosing the right […]
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone? The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, the....
Bankhaus von der Heydt partnered with Bitbond to launch its euro-backed stablecoin on Stellar last week.