Nine European Banks to Issue MiCA-Compliant Euro Stablecoin
Nine European banks have formed a Dutch entity to launch a MiCA-compliant euro stablecoin in H2 2026. The consortium will apply for an e-money license from the Dutch Central Bank under the EU Markets in Crypto-Assets (MiCA) regulation. The euro stablecoin aims to support instant, low-cost payments, 24/7 cross-border settlements and programmable transactions on blockchain. Member banks will offer secure wallets and plan to appoint a CEO after regulatory approval. Open to new partners, the project seeks to reduce reliance on USDT and USDC, bolster Europe’s digital sovereignty and capture a share of the $295 billion stablecoin market.
Bullish
The news of a fully regulated euro stablecoin issued by nine major European banks under MiCA is bullish for the euro stablecoin market. In the short term, the timeline into H2 2026 and regulatory approval process may limit immediate impact. However, securing an e-money license and backing from established banks will boost trust, compliance and adoption. This reduces reliance on USDT and USDC, enhances Europe’s digital sovereignty and opens opportunities for cross-border payments and programmable finance. Over the long term, the euro stablecoin should gain market share and drive positive liquidity and trading activity.