European Banks Form Consortium to Launch Euro Stablecoin in Second Half of 2026
Major European banks are preparing to issue a regulated euro stablecoin. Cointelegraph reported on April 21 that a consortium of 12 European banks, le
➤ A consortium of 12 European banks is developing a regulated euro stablecoin, compliant with the MiCA framework, targeting a H2 2026 launch. ➤ The stablecoin will be fully reserved, structured as an Electronic Money Institution (EMI), and intended for interbank settlement and tokenized asset trading. ➤ This initiative aims to reduce reliance on dollar-based stablecoins and bolster euro-denominated digital finance, aligning with European regulators' push for monetary sovereignty.










