Nine European lenders have joined to launch a euro-backed stablecoin, scheduled to be launched in the second half of 2026. Per a Bloomberg report on Thursday, the banking consortium includes ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. The stablecoin will be regulated under the trading block’s Markets in Crypto Assets (MiCA) rule. Further, the banks have formed a new company in the Netherlands to house the stablecoin project. It aims to be lic ...