Nine prominent European banks have joined forces to launch a euro-backed stablecoin regulated under the EU’s MiCA framework, aiming to provide a European alternative to US dollar-dominated stablecoins. Set for release in late 2026, this initiative seeks to boost Europe’s strategic autonomy in digital payments by enabling efficient, low-cost, cross-border transactions and broader financial applications. The project is governed by a new Dutch-based company and remains open for additional banking partners, reinforcing the continent’s push towards expanding its digital asset ecosystem.
Continue to read Euro-Backed Stablecoin Initiative: Nine Leading European Banks Collaborate Under MiCA Regulations
Nine prominent European banks have joined forces to launch a euro-backed stablecoin regulated under the EU’s MiCA framework, aiming to provide a European alternative to US dollar-dominated stablecoins. Set for release in late 2026, this initiative seeks to boost Europe’s strategic autonomy in digital payments by enabling efficient, low-cost, cross-border transactions and broader financial applications. The project is governed by a new Dutch-based company and remains open for additional banking partners, reinforcing the continent’s push towards expanding its digital asset ecosystem.
Continue to read Euro-Backed Stablecoin Initiative: Nine Leading European Banks Collaborate Under MiCA Regulations
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