EU Banks Set for Euro-Pegged Stablecoin Launch in 2026

A group of ten major European banks is preparing to launch a euro-pegged stablecoin by 2026, aiming to provide a secure and regulated alternative to existing options. This initiative, overseen by the Dutch Central Bank, reflects a significant step towards mainstreaming digital currency within the EU. Backed 1:1 by the euro, this stablecoin aims to address transparency concerns and promote financial sovereignty within the bloc.