Nine European Banks to Launch Euro Stablecoin by 2026, Challenging Dollar Dominance
Nine major European banks are preparing to launch a euro-backed stablecoin by late 2026, marking a significant challenge to the US dollar’s dominance in digital currency markets. This coordinated effort represents Europe’s most ambitious attempt yet to establish strategic autonomy in digital payments infrastructure. The Banking Consortium The initiative brings together financial heavyweights including ING,…