Key takeout
Nine major European banks, including ING, Banca Sella, KBC, Danske Bank and UnicRedit, are planning to launch euro-denominated Stablecoins. The consortium was established, headquartered in the Netherlands and seeks licenses as an electronic institution supervised by the Dutch Central Bank.
Please share this article
Nine European banks today announced plans to launch euro-denominated stubcoins. The consortium includes major financial institutions, the Netherlands-based multinational banks, Bancaserra, KBC, Danske Bank, and Unik Reddit.
The launch of Stablecoin has been fully effective since December 2024 and is in line with the EU market for the Crypto-Assets (MICA) framework.
Euro-Stable trading volumes have been rising recently, reflecting an increase in institutional adoption amid increasing demand for alternative assets ingested by USD.
Several participating banks have recently expanded their digital asset services. UnicRedit launched a crypto-related investment product linked to BlackRock’s Bitcoin ETF in mid-2025, and Banca Sella launched an internal pilot project in mid-2025, collaborating with technology provider Fireblocks to test custody services for digital assets, including Stablecoins.
Please share this article
