10 EU Banks Unite to Launch Euro Stablecoin by 2026
Ten main European banks have shaped a consortium to launch a euro-backed stablecoin by mid-2026, in a decisive push to counter U.S. greenback dominance within the $300+ billion world stablecoin market. BNP Paribas joined 9 European lenders, together with ING, UniCredit, CaixaBank, Danske Bank, SEB, Raiffeisen Bank International, Banca Sella, KBC, and DekaBank, to develop…
