Nine major European banks join forces to launch a euro-denominated stablecoin under MiCAR by 2026, enabling instant, low-cost cross-border payments and streamlined digital asset settlements

ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International have joined forces to launch a MiCAR-compliant euro-denominated stablecoin. This digital payment instrument, leveraging blockchain technology, aims to become a trusted European payment standard in the digital ecosystem.