According to Deep Tide TechFlow news on September 25, CoinDesk reported that nine major European banks, including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, announced the joint launch of a euro stablecoin project regulated by MiCA. The project will be operated by a newly established company in the Netherlands, under the supervision of the Dutch central bank. The new stablecoin is expected to be first issued in the second half of 2026, aiming to provide around-the-clock, low-cost cross-border payment services to enhance Europe's strategic autonomy in the digital payment sector. The alliance remains open to other banks and plans to appoint a CEO soon.

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