💶 Euro Stablecoin Born: European Banks Form New Crypto Arm

[theSignalyst]

Nine major European banks (including ING, UniCredit) have launched a new company in the Netherlands to issue a euro-denominated stablecoin.

The move suggests Europe wants its own backbone in the digital finance era, and wants to regulate it from within, not import U.S. models. Oversight is expected to be under the Dutch central bank.

If this gains traction, it could rewire how payments, DeFi, and cross-border transfers work in the Eurozone.