Nine Banks Unite On Euro Stablecoin, Eyeing Rollout In Second Half Of 2026
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 […]
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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....
Amid the global push for stablecoin adoption, recent reports claim that three major Japanese banks are preparing to issue a yen-pegged token for global settlements before the end of the year. Related Reading: Trump Family’s Crypto Fortune Soars To $1B, Eric Trump Says ‘Probably More’ – Report Japanese Megabanks To Rollout Stablecoin This Year On […]
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 […]
The OCC published guidance allowing U.S. banks to work with stablecoin issuers. Meanwhile, the ECB thinks the term stablecoin can be "misleading."
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months. Euro-Pegged Stablecoins Cross Half a Billion in Value Since the Start of the Year Today, most of the stablecoin economy’s value is based on tokens backed by the U.S. dollar, but a small number of....