TechFlow, September 25 — According to CoinDesk, nine major European banks—ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International—today announced the joint launch of a euro-denominated stablecoin project regulated under MiCA. The project will be operated by a newly established company in the Netherlands and supervised by the Dutch Central Bank. The new stablecoin is expected to launch in the second half of 2026, aiming to provide low-cost, 24/7 cross-border payment services to enhance Europe's strategic autonomy in digital payments. The consortium remains open to other banks and plans to appoint a CEO in the near future.
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