Nine European Banks Stay In Talks To Launch MICA-Complaint Euro Stablecoin By H2 2026

Nine European banks including ING, UNICREDIT, AND CAIXABANK are teaming up to launch the a MICA complaint Euro stablecoin. The banks aim to launch the stablecoin by the second half of 2026. The launch will comes via a new company which will be based in the Netherlands. The aim of the launch is to be overseen and licensed by the Dutch central bank. For a long time, US dollar assets and issuers have controlled stablecoin markets. The euro is the second most widely used currency in the world. However, the new launch can help bring more Euro dominance in the market.