European Banks Collaborate on Euro Stablecoin Project Under MiCA Regulation

According to Foresight News, nine major European banks, including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, are set to launch a euro stablecoin project regulated by the Markets in Crypto-Assets (MiCA) framework. The initiative will be managed by a new company based in the Netherlands and overseen by the Dutch central bank. The stablecoin is expected to be issued in the second half of 2026, aiming to provide low-cost, round-the-clock cross-border payment services. This move is intended to bolster Europe's strategic autonomy in the digital payments sector source: https://www.binance.com/en/square/post/30153035947457?utm_source=BinanceNewsRSS