Nine European banks jointly launch MiCA compliant euro stablecoin

According to Foresight News, according to CoinDesk, nine major European banks including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International will jointly launch the euro stablecoin project regulated by MiCA. The project will be operated by a new company based in the Netherlands and regulated by the Dutch Central Bank. The new stablecoin is expected to be first issued in the second half of 2026, aiming to provide all-weather, low-cost cross-border payment services to enhance Europe's strategic autonomy in the field of digital payments. The alliance remains open to other banks and plans to appoint a CEO in the near future.
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