Several major European banks have jointly issued a euro-pegged stablecoin, ensuring compliance with the relevant requirements of the European crypto asset market regulatory framework (MiCA).
A joint statement released by ING on Thursday shows that Dutch ING and Italian UniCredit are among nine banks involved in the development of the new euro-denominated stablecoin.
The stablecoin aims to become a trusted European payment standard within the digital ecosystem, adhering to European MiCA regulatory provisions, with plans for issuance in the second half of 2026.
The announcement noted that this initiative aligns with Europe's plan to promote localized stablecoin solutions, helping to enhance Europe's strategic autonomy in the payment sector and reduce reliance on the US-dominated stablecoin market.
In addition to ING and UniCredit, the European stablecoin initiative also includes Spain's CaixaBank, Denmark's Danske Bank, Austria's Raiffeisen Bank International, Belgium's KBC, Sweden's SEB, Germany's DekaBank, and another Italian bank, Banca Sella.
The founding members have established a new company in the Netherlands (the headquarters of ING) responsible for the development and management of the stablecoin.
The banking alliance stated in the joint announcement that it welcomes other banks to join the stablecoin project.
According to ING's statement, the proposed euro stablecoin is expected to enable "almost instant, low-cost payments and settlements," supporting round-the-clock cross-border payment services.
The stablecoin will also support programmable payments, enhancing supply chain management and the efficiency of digital asset settlements. Its application scope covers various asset types, including securities and cryptocurrencies.
Floris Lugt, head of digital assets at ING and joint public representative of the project, stated, "Digital payments are crucial for the new euro-denominated payment and financial market infrastructure."
He added, "We believe this development requires collective participation from the industry, and banks should adopt unified standards."
Related: Executives from Kraken and Crypto.com to attend SEC-CFTC roundtable to discuss "regulatory coordination efforts"
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
