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.