A consortium of ten major European banks is advancing plans to introduce a regulated, euro-pegged stablecoin, with a targeted launch window in the second half of 2026. The banking group is actively engaged in the regulatory process, seeking formal approval from De Nederlandsche Bank (DNB), the Dutch Central Bank. This initiative represents a significant move by established financial institutions to create a digital currency fully backed by the euro, aiming to combine the stability of traditional finance with the efficiency of blockchain-based transactions. The project underscores a strategic effort to provide a trusted digital euro alternative within the rapidly evolving digital asset ecosystem, potentially setting a new benchmark for regulated stablecoins in the European market. The consortium’s timeline indicates a focused push to bring this instrument to market by 2027, aligning with broader trends of institutional adoption in the cryptocurrency sector.
