European Banks Form Consortium to Launch Euro Stablecoin

A consortium of nine major European banks has formed a new company based in the Netherlands to issue a euro-denominated stablecoin, targeting a second-half 2026 launch. The step signals wider institutional embrace of digital payments and stablecoins in regulated markets. The project aims to bridge traditional finance and crypto rails, though European regulators have expressed caution about potential risks related to monetary policy and financial stability.