European Banks Launch Consortium for MiCA-Compliant Euro Stablecoin by 2026
- Nine top European banks set to launch a Euro stablecoin in 2026.
- A licensed entity in the Netherlands will oversee the upcoming stablecoin project.
- The group wants European businesses to handle digital payments locally.
Nine major European banks – ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, have formed a consortium to launch a MiCA-compliant, euro-denominated stablecoin by year 2026.
The project is designed to give European businesses and consumers a regulated on-chain payments option that reduces reliance on foreign stablecoins (think of U.S. dollar-pegged USDT / Ripple USD (RLUSD)).
A licensed entity in the Netherlands will manage the rollout and seek an e-money license from the Dutch central bank to ensure full compliance with EU law.
A new regulated euro stablecoin
Crypto journalist Coli…
Read The Full Article European Banks Launch Consortium for MiCA-Compliant Euro Stablecoin by 2026 On Coin Edition.
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European Banks Launch Consortium for MiCA-Compliant Euro Stablecoin by 2026
- Nine top European banks set to launch a Euro stablecoin in 2026.
- A licensed entity in the Netherlands will oversee the upcoming stablecoin project.
- The group wants European businesses to handle digital payments locally.
Nine major European banks – ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, have formed a consortium to launch a MiCA-compliant, euro-denominated stablecoin by year 2026.
The project is designed to give European businesses and consumers a regulated on-chain payments option that reduces reliance on foreign stablecoins (think of U.S. dollar-pegged USDT / Ripple USD (RLUSD)).
A licensed entity in the Netherlands will manage the rollout and seek an e-money license from the Dutch central bank to ensure full compliance with EU law.
A new regulated euro stablecoin
Crypto journalist Coli…
Read The Full Article European Banks Launch Consortium for MiCA-Compliant Euro Stablecoin by 2026 On Coin Edition.
Read More
Naver Sets Sights on Crypto Dominance with Upbit Acquisition Deal