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Nine Major European Banks Unite to Launch Euro Stablecoin
Nine Major European Banks Unite to Launch Euro Stablecoin
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BTCCSquare news:
Nine of Europe's largest financial institutions have formed a coalition to introduce a euro-denominated stablecoin, marking a significant step toward modernizing the region's digital payments infrastructure. The project will adhere to the EU's Markets in crypto Assets (MiCA) framework, ensuring regulatory compliance across member states.
The collaboration signals growing institutional confidence in blockchain-based solutions. By leveraging MiCA's standardized rules, the banks aim to create a seamless cross-border payment system that could challenge traditional settlement networks.
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