European Banks Are Actively Advancing Their Stablecoin Plans

According to Golden Finance, on April 13, Société Générale, headquartered in Paris, has positioned its stablecoin in areas such as cross-border payments, on-chain settlements, foreign exchange, and cash management. Meanwhile, another Paris-based bank, Oddo BHF, has launched a euro stablecoin compliant with MiCA standards. A consortium of banks, including ING (Netherlands), UniCredit (Italy), and BNP Paribas (France), is preparing a Swiss franc stablecoin, which is scheduled to be launched in the second half of 2026.