A new euro-denominated stablecoin initiative supported by major European banks is set to reshape the region’s digital payment infrastructure.
One of Europe’s major financial institutions has joined a consortium formed by leading banks across the continent to advance the development of a euro-pegged digital asset. The Amsterdam-based initiative aims to modernize corporate payment systems through blockchain technology, marking one of the most significant institutional steps toward digital assets in the region.
The group has already submitted its application for an electronic money license to the Dutch Central Bank. If approved, the euro-backed asset is expected to launch in the second half of 2026. Leadership of the initiative has been assigned to an industry veteran who previously held a senior role in digital asset operations in Germany.
Banks involved in the project aim to create a fully compliant onchain payment infrastructure aligned with European Union regulations. With the global stablecoin market dominated by dollar-linked assets, the rise of a strong euro-based alternative is increasingly seen as a strategic priority for Europe.
