Европейские банки объединяются для создания нового евро-стейблкоина с целью конкуренции на рынке Translation: Headline: European banks unite to create a new euro-stablecoin aimed at competing in the market.

Major European banks have established a consortium aimed at issuing a euro-pegged «stablecoin» in alignment with the MiCA regulations. The initiative seeks to provide an alternative to the prevailing American stablecoins in the market.

Participants in the project include ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.

This «stablecoin» will facilitate instantaneous, round-the-clock payments and settlements with minimal fees. Additionally, financial institutions will be able to offer clients supplementary services, such as wallets for holding the asset.

The founding banks have registered a separate entity in the Netherlands to obtain an electronic money issuance license from the local central bank. Once approved by the regulator, the consortium will appoint a CEO for the project, which is currently open to new participants.

The launch of the euro stablecoin is anticipated in the latter half of 2026.

«Digital assets have the potential to transform the financial landscape—not just through new forms of currency, but also by delivering significant efficiencies and savings for both the financial sector and customers,» stated Flaminia Lucia Franca, a representative from Danske Bank.

As of now, the market capitalization of the «stablecoin» sector is valued at $295 billion, with the American stablecoin USDT from Tether dominating the market, accounting for 58.6% of the total.

In second place is USDC from Circle, which comprises 29.9% of the segment.

The market value of euro-denominated stablecoins exceeds $562 million, according to CoinGecko. Within this category, the largest asset by market capitalization is EURC, launched by Circle in December 2023 on the Solana blockchain.

As of early 2025, ten issuers have received MiCA licenses, enabling them to issue «stablecoins» within the European Economic Area.

In April, media outlets reported on the forthcoming issuance of a regulated stablecoin by ING in Europe. Later, two companies supported by Tether—StablR and Oobit—unveiled «stablecoins» in compliance with the new regulations.

In June, the SG-FORGE, a unit of the French financial conglomerate Societe Generale focused on crypto assets, announced the launch of USD CoinVertible (USDCV).