Breaking: Nine Major European Banks Unite to Launch MiCA-Compliant Euro Stablecoin

Europe's banking establishment just made its biggest crypto move yet.

A Coalition of Financial Heavyweights

Nine legacy institutions—including some of the continent's oldest financial names—are pooling resources to create a regulated digital euro. This isn't some startup experiment; it's traditional finance building its own blockchain rails.

Regulation-First Approach

The stablecoin launches fully compliant with MiCA frameworks, giving it instant legitimacy that decentralized rivals lack. Banks are essentially using regulation as their competitive moat—a classic move from the old playbook.

The Institutional On-Ramp

This creates a seamless bridge between traditional euro holdings and digital asset ecosystems. Suddenly, corporate treasuries and institutional investors have a familiar gateway into crypto markets.

Nine banks betting together signals something bigger than another stablecoin launch—it's admission that digital assets are inevitable. Even if their approach feels like bringing a horse-and-carriage to a hyperloop convention.