Nine European Banks Unite to Develop Euro-Denominated Stablecoin
In a significant move toward financial innovation, nine prominent European banks have joined forces to develop a euro-denominated stablecoin. Italy’s UniCredit and Banca Sella, the Netherlands’ ING Groep, Germany’s DekaBank, Belgium’s KBC Group, Denmark’s Danske Bank, Sweden’s SEB, Spain’s CaixaBank, and Austria’s Raiffeisen Bank International announced their collaboration in a joint statement, signaling the potential…