European Banks Launch Their Own Stablecoin

Nine leading European banks, ING, UniCredit, KBC, DekaBank, Danske Bank, SEB, Caixabank, Raiffeisen Bank International and Banca Sella, have joined forces to establish a new company in the Netherlands with the goal of launching a euro-denominated stablecoin. The project is expected to go live in the second half of 2026.

This move comes as a response to the global dominance of US dollar-pegged stablecoins such as USDT and USDC, which currently account for the majority of digital asset transactions. Despite the euro being the world’s second most important currency, its share in the stablecoin market remains negligible.

The new initiative aims to strengthen Europe’s strategic autonomy in digital finance by offering an alternative to external payment instruments. It also reflects the banks’ ambition to stay relevant amid the rapid transformation of the financial system.

At the same time, the European Central Bank has voiced caution about such initiatives, pointing to potential risks to monetary stability. Nonetheless, the banking sector is clearly signaling that the future of finance is digital—and that this shift is well underway.

Such developments clearly indicate the growing institutional interest in digital assets. For businesses, this means it is vital to stay up to date with trends, adapt to ongoing changes, and explore new growth opportunities.

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