Европейские банки создают консорциум для нового евро-стейблкоина с целью борьбы с доминированием американских игроков Translation: European banks form consortium for new euro-stablecoin aimed at countering American market dominance.

Major European banks have established a consortium to issue a euro-pegged «stablecoin» in compliance with MiCA regulations. The aim is to provide an alternative to the leading American stablecoins in the market.

The project’s participants include ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International.

This «stablecoin» will enable instant, round-the-clock payments and settlements at minimal costs. Financial institutions will also be able to offer clients additional services, including wallets for the storage of the asset.

The founding banks have registered a separate company in the Netherlands, which will facilitate obtaining an electronic money issuer license from the local central bank. Once the regulator approves, the consortium will appoint a CEO for the project, which is currently open to new members.

The launch of the euro stablecoin is scheduled for the second half of 2026.

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

As of the time of writing, the market capitalization of the stablecoin sector is estimated at $295 billion. The leading asset in the market remains the USDT stablecoin from Tether, which holds a market share of 58.6%.

In second place is USDC from Circle, accounting for 29.9% of the segment.

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

As of early 2025, ten issuers have obtained a MiCA license, which allows them to issue «stablecoins» in the European Economic Area.

Recall that in April, media reported on the issuance of a regulated stablecoin by ING Bank in Europe. Later, two companies supported by Tether—StablR and Oobit—introduced «stablecoins» that comply with the new regulations.

In June, the crypto-asset division of the French financial conglomerate Societe Generale—SG-FORGE—announced the launch of USD CoinVertible (USDCV).