Nine European banks come together to launch a euro stablocoin regulated by Mica

By Hannah Pérez

Nine European banks, including ING and UNICREDIT, have formed a consortium to develop a stablecoin supported by euros. They plan to broadcast the Token in the second half of 2026.

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• Nine European banks, including ING and UNICREDIT, come together to develop a euro stablcoin.
• Under unified standards and regulated by Mica, they plan to broadcast the Stablecoin in the first half of 2026.
• It will not be the first stablecoin backed by euro of a bank in Europe.
• European financial institutions explore the stablecoins in the midst of the market boom.

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Nine important European banks –ING, SELLA BANCA, KBC, DANSKE BANK, DEKABANK, UNICREDIT, SEB, CAIXABANK and Raiffeisen Bank International– They have announced a historical collaboration on Thursday to develop a Stablecoin Backed by the euro, according to the regulation of cryptoactive markets (MICA) of the European Union.

This project, which seeks to establish a reliable European digital payment standard for financial institutions, is scheduled to issue your Stablecoin In the second half of 2026according to an official statement published by ING.

The consortium, formed by these nine financial institutions, has established a new company in the Netherlands that will operate as an electronic money institution, subject to the supervision of the Dutch Central Bank.

The initiative, which remains open to the incorporation of other banks, aims to offer a European alternative to the market of Stablecoinscurrently dominated by coins linked to the US dollar, such as USDT of Tether and USDC Circle.

Joint effort, with unified standards

According to the statement, the Stablecoin It will take advantage of technology Blockchain To provide almost instant payments and liquidations, low cost and available 24 hours a day, 7 days a week. In addition, it will allow efficient cross -border payments, programmable payments and improvements in the management of supply chains and the liquidation of digital assets, which include from values ​​to cryptocurrencies.

Floris Lugt, leader of digital assets in ING And public representative of the initiative, highlighted the importance of a unified approach.

“Digital payments are key to the new infrastructure of financial payments and markets called euros. They offer significant efficiency and transparency thanks to the programmability characteristics of blockchain technology and instantaneous liquidation between coins 24 hours a day. We believe that this development requires a focus of the entire industry, and it is imperative that banks adopt the same standards“said Lugt in the official statement.

The Stablecoin It will be regulated under Mica, the EU regulatory framework that entered into full validity at the end of last year and establishes comprehensive guidelines for cryptocurrency and service providers.

According to the statement, the consortium plans to obtain the necessary licenses under the supervision of the Central Dutch Bank, and an executive director is expected in the near future, subject to regulatory approval. In addition, individual banks can offer added value services, such as digital wallets and custody solutions for Stablecoin.

This initiative seeks to strengthen the strategic autonomy of Europe in the field of digital payments, in a context where the global market of Stablecoins has reached a capitalization of more than 300 billion dollars, according to data from Coinmarketcap.

European banks explore Stablecoins

Although the Stablecoins linked to the dollar lead this market, the total supply of Stablecoins In euros on the network Ethereum It grew from 309.4 million to 319.1 million euros between principles and mid -September 2025, reflecting a growing interest in digital assets called in the European currency.

This will not be the first Stablecoin linked to the euro issued by a large European bank. In April, the French giant I société générale He launched his Token Eurcv on the network Blockchain public of Ethereum. Also, the German bank Deutsche Bank announced last year that it was exploring the development of a Stablecoin In euros in collaboration with the firm Galaxy Digitalled by Mike Novogratz.

Analysts of JPMorgan have indicated that Mica’s entry could significantly boost the adoption of Stablecoins In Europe, especially at a time of global boom for this type of digital assets. This regulatory framework provides clarity and legal certainty, which encourages the confidence of financial institutions and users in the European crypto ecosystem.

With this project, the nine European banks seek to position themselves as leaders in financial innovation, offering a solution that combines the stability of the euro with the benefits of block chain technology, in an effort to compete in an increasingly digitized global market.

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Article written with the help of AI, edited by Diariobitcoin

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