Nine European banks plan to jointly launch a MiCA-compliant euro stablecoin

ChainCatcher news, according to CoinDesk, nine European banks including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International have announced the establishment of a new company, with plans to issue a euro stablecoin regulated under MiCA in the second half of 2026.

The company will apply for an electronic money institution license from the Dutch central bank, aiming to become the European standard for digital payments and open to more banks joining. The stablecoin will support low-cost, near real-time cross-border payments and digital asset settlements.