US EditionNine Major European Banks Join Forces to Issue Stablecoin
13 Articles
13 Articles
Nine large banks want to reinvent digital payments in Europe. Their joint project could disrupt the crypto market.
Nine European banks have joined forces to develop a cryptocurrency alternative to dollar-backed tokens. It is intended to be based on the euro and contribute to Europe's strategic autonomy in the field of payments. The banks plan to launch the upcoming stablecoin in the second half of next year.
Danske Bank launches cryptocurrencyA historic U-turn took place in the Danish financial sector on Thursday. Danske Bank announced that it is joining forces with eight other major European banks to launch
Nine European banks form consortium to launch MiCA-compliant Euro stablecoin by 2026.
European banks join forces for Euro-based stablecoin
A group of European banks is joining forces to create a new company that will release a euro-denominated stablecoin, in a move to compete with American fintech companies working on similar projects. Stablecoins are crypto-based tokens that maintain a constant value and are backed by traditional currencies, making them more stable than other crypto-tokens. They are a new trend in financial markets and are becoming increasingly common. Recently, U…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
