Report: Unicredit, ING Lead 9-Bank Push to Build Euro Stablecoin by 2026

A recent report reveals that Unicredit and ING are leading a coalition of nine banks aiming to develop a Euro stablecoin by 2026. This initiative is significant as it could enhance the efficiency of cross-border transactions and provide a stable digital currency option for consumers and businesses in the Eurozone. The move reflects a growing trend among financial institutions to embrace digital currencies, potentially transforming the banking landscape.