Nine European Banks Unite to Issue Euro Stablecoin

[Suba]

According to CoinDesk (September 25, 2025), nine major European banks have officially joined forces to launch a euro-based stablecoin, operating under the EU's MiCA rules.
This euro stablecoin is expected to be a reliable digital payment instrument and serve as a standard for European payments, supporting cross-border transactions, offering 24-hour transactions, and preventing the dominance of USD-based stablecoins.

The following is a list of nine major European banks that have joined the consortium: Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.

 

[gwolf666]

The creation of a euro-based stablecoin by nine European banks marks an important step toward the digitalization of payments in Europe. This initiative seeks to offer a secure and reliable payment instrument, complying with EU regulations under MiCA, and aims to become a standard for transactions within the continent.

The euro stablecoin will enable faster cross-border payments, accessible 24/7, and will reduce dependence on dollar-based stablecoins, strengthening European monetary sovereignty in the digital sphere. The collaboration of banks such as Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit reflects a joint effort to adapt the financial system to new technologies.

Such initiatives not only modernize payment methods but can also increase transaction efficiency, reduce costs, and offer greater security against fraud. In the future, European stablecoins could be a solid alternative for digital payments, boosting competitiveness and economic integration in the region.

 

[kit_hung]

This is exciting news for the future of digital payments in Europe. The merger of nine major banks to launch a euro-denominated stablecoin is a major step towards financial independence and reducing dependence on the US dollar.

This stablecoin will facilitate cross-border transactions, provide 24-hour service, and enhance payment security. For merchants and consumers, this is an opportunity to gain a fast and reliable way to pay and receive money.

The move also shows how financial institutions are embracing blockchain technology.