European Banks Launch Their Own Euro-Denominated Stablecoin
ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International (RBI) have announced the launch of a euro-denominated stablecoin, in accordance with MiCAR regulations. The new digital currency will enable nearly instant payments and settlements with reduced costs.
Benefits of the Digital Currency
The stablecoin will provide 24/7 access to efficient cross-border payments, programmable payments, and will facilitate supply chain management and settlement of digital assets, from securities to cryptocurrencies. It is regulated under the EU’s “Markets in Crypto-Assets” (MiCAR) framework and is expected to be issued in the second half of 2026.
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