Nine European banks collaborate on the issuance of a Euro stablecoin compliant with MiCA

Nine major European banks – ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International – are collaborating to establish a new company for the issuance of a euro stablecoin that fully complies with the EU's MiCA regulations. This company is expected to apply for an e-money license from the Dutch central bank, aiming to shape the European digital payment ecosystem.

Expected to launch in the second half of 2026, this initiative aims to establish a standard, reliable, and widely used digital euro. The project emphasizes collaboration and openness, inviting more banks to participate to enhance the network and liquidity.

By adhering to the legal framework from the outset, the company aims to provide a safe, efficient, and scalable digital payment solution, while setting standards for digital finance in Europe. This is an important step in integrating stablecoin into the mainstream financial system.