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European Banks Join to Launch Euro-Denominated Stablecoin
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A bank-backed euro stablecoin initiative draws broad institutional support in Europe.
A consortium of nine major European banks has formed a new company based in Amsterdam to issue a euro-pegged stablecoin in H2 2026. Members include ING, UniCredit, Raiffeisen, Caixabank, SEB, Danske and Banca Sella. The move aims to provide regulated digital payments infrastructure across Europe, despite the European Central Bank’s caution over stablecoin risks.