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BTCC / BTCC Square / Global Cryptocurrency /
Euro’s $650 Million Stablecoin Gap Spurs Twelve-Bank Consortium

Euro’s $650 Million Stablecoin Gap Spurs Twelve-Bank Consortium

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-04-22 12:51:02
0
BTCCSquare news:

A coalition of Europe's banking heavyweights—including BNP Paribas, ING, and UniCredit—is launching a euro-denominated stablecoin backed by systemic lenders. The initiative, targeting a 2026 debut, confronts the dollar's dominance in the $305 billion stablecoin market, where euro-pegged tokens represent a mere 0.2% share.

Fireblocks will power the infrastructure, deploying compliance-ready smart contracts and transaction monitoring aligned with MiCAR. The Dutch Central Bank's pending approval for Qivalis, the project's Amsterdam-based vehicle, could reshape institutional crypto flows.

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