Nine European banks will jointly issue a Compliance Euro stablecoin.

On September 25, nine major banks in Europe joined forces to launch a euro stablecoin governed by the EU's Markets in Crypto-Assets Regulation (MiCA). The banks involved in this euro-denominated stablecoin project include: ING, Banca Sella from Italy, KBC from Belgium, Danske Bank from Denmark, DekaBank from Germany, UniCredit from Italy, SEB from Sweden, CaixaBank from Spain, and Raiffeisen Bank International from Austria. The participating banks stated that the plan would provide a genuine European alternative to the US-dominated stablecoin market and help enhance Europe's strategic autonomy in the payment sector. According to the joint statement, this stablecoin will enable near-instant, low-cost transactions and provide efficient cross-border payments, programmable payments, improved supply chain management, and optimized digital asset settlement around the clock, 24/7. This MiCA-compliant stablecoin is expected to be first issued in the second half of 2026.