Launch Of Euro-Backed Stablecoin In H2 2026? Nine European Banking Giants Join Forces
PositiveCryptocurrency

Nine major European banks, including ING and UniCredit, are teaming up to launch a euro-backed stablecoin by the second half of 2026. This initiative, under the EU's Markets in Crypto-Assets Regulation, could significantly impact the financial landscape by providing a stable digital currency option, enhancing cross-border transactions, and fostering innovation in the crypto space. As the world increasingly embraces digital currencies, this collaboration highlights Europe's commitment to staying at the forefront of financial technology.
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