Nine important European banks have joined the forces to launch a stable called Euro-Denominated regulated under the negotiation block markets in the cryptographic asset regime (Mica).
The bank giants involved are: ING, Sela Banking, KBC, Danske Bank, Dekabank, Unicredit, Seb, CaixaBank and Raiffeisen Bank International.
Earlier this year, Coendesk reported that the Dutch bank was working on a Stablecoin project with other financial institutions.
The digital payment instrument backed by the bank, taking advantage of Blockchain technology, aims to become a European confidence payment standard in the digital ecosystem, according to a press release on Thursday.
The initiative will provide a true European alternative to the Stablecoin market dominated by the United States, contributing to the strategic autonomy of Europe in payments, banks said.
STABLECOIN will provide almost instant and low -cost transactions and allow access 24/7 to efficient cross -border payments, programmable payments and improvements in supply chain management and digital asset settlements, banks said in a joint statement.
It is expected that Mica’s stable will be broadcast for the first time in the second half of 2026.
The Stablecoin consortium, with the banks mentioned above as founding members, has formed a new company in the Netherlands, with the aim of being licensed and supervised by the Dutch central bank as an electronic money institution. The consortium is open to additional banks that bind. A CEO is expected to be designated in the near future, subject to regulatory approval.
Individual banks can provide added value services, such as a Stablcoin wallet and custody.
“Digital payments are key to new payments called in euro and infrastructure of the financial market. They offer significant efficiency and transparency, thanks to the programmability characteristics of Blockchain Technology and 24/7 snapshots between writings.
Earlier this week, the Forge subsidiary of the French Socgen Bank, which was the first Big Bank to launch a Euro stable with Mica, announced that its USDCV USDCV called by USD had chosen the upward Europe as the first place to enumerate the token.
