9 European banks to launch euro-denominated stablecoin

Key Takeaways

9 main European banks, together with ING, Banca Sella, KBC, Danske Financial institution, and UniCredit, plan to launch a euro-denominated stablecoin.
The consortium has been shaped and is headquartered within the Netherlands, the place it’s searching for a license as an e-money establishment supervised by the Dutch Central Financial institution.

9 European banks introduced plans as we speak to launch a euro-denominated stablecoin. The consortium consists of main monetary establishments ING, a Netherlands-based multinational financial institution, Banca Sella, KBC, Danske Financial institution, and UniCredit.

The stablecoin launch aligns with the EU’s Markets in Crypto-Property (MiCA) framework, absolutely efficient since December 2024.

Euro stablecoin buying and selling quantity has surged just lately, reflecting rising institutional adoption amid elevated demand for alternate options to USD-pegged property.

A number of of the taking part banks have just lately expanded their digital asset companies. UniCredit launched crypto-related funding merchandise linked to BlackRock’s Bitcoin ETF in mid-2025, whereas Banca Sella launched an inside pilot undertaking in mid-2025 to check custody companies for digital property, together with stablecoins, in collaboration with know-how supplier Fireblocks.