{"id":49422,"date":"2025-09-25T07:31:44","date_gmt":"2025-09-25T07:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49422"},"modified":"2025-09-25T07:31:44","modified_gmt":"2025-09-25T07:31:44","slug":"nine-european-banks-join-forces-to-issue-mica-compliant-euro-stablecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49422","title":{"rendered":"Nine European Banks Join Forces To Issue MiCA-Compliant Euro Stablecoin"},"content":{"rendered":"
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Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block\u2019s Markets in Crypto Assets regime (MiCA). <\/p>\n

The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.<\/p>\n

Earlier this year, CoinDesk reported<\/a> that Dutch bank ING was working on a stablecoin project with some other financial institutions.<\/p>\n

The nine bank-backed digital payment instrument, leveraging blockchain technology, aims to become a trusted European payment standard in the digital ecosystem, according to a press release on Thursday.<\/p>\n

The initiative will provide a real European alternative to the US-dominated stablecoin market, contributing to Europe’s strategic autonomy in payments, the banks said.<\/p>\n

The stablecoin will provide near-instant, low-cost transactions and enable 24\/7 access to efficient cross-border payments, programmable payments, and improvements in supply chain management and digital asset settlements, the banks said in a joint statement.<\/p>\n

The MiCA-regulated stablecoin is expected to be first issued in the second half of 2026. <\/p>\n

The stablecoin consortium, with the aforementioned banks as founding members, has formed a new company in the Netherlands, aiming to be licensed and supervised by the Dutch Central Bank as an e-money institution. The consortium is open to additional banks joining. A CEO is expected to be appointed in the near future, subject to regulatory approval.<\/p>\n

Individual banks will be able to provide value added services, such as a stablecoin wallet and custody.<\/p>\n

“Digital payments are key for new euro-denominated payments and financial market infrastructure. They offer significant efficiency and transparency, thanks to blockchain technology’s programmability features and 24\/7 instant cross-currency settlement. We believe this development requires an industry-wide approach, and it’s imperative that banks adopt the same standards,” said Floris Lugt, digital assets lead at ING and joint public representative of the initiative.<\/p>\n

Earlier this week, French bank SocGen\u2019s Forge subsidiary,<\/a> which was the first big bank to launch a euro stablecoin under MiCA, announced that its USD-denominated stablecoin USDCV had chosen Bullish Europe as the first venue to list the token.<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block\u2019s Markets in Crypto Assets regime (MiCA). The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Earlier this year, CoinDesk reported that Dutch bank ING was working on a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49422","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49422"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49422\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}