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Nine banks start Euro-Stablecoin: Fight against dollar dominance!
Nine banks develop a euro stable to combat dollar dominance. Market launch 2026, Mica-compliant.
Nine banks start Euro-Stablecoin: Fight against dollar dominance!
Nine European banks have started cooperation with the aim of developing a euro stable. This initiative is intended to act in response to the dominance of the US dollar in the StableCoin market. The banks involved are among other things Unicredit, Banca Sella, Dekabank and Ing. The planned euro stable is expected to be in the year2026come onto the market and will comply with the guidelines of the new European law on markets for crypto assets (mica).
The banks have already announced that they apply for an e-money license from the Dutch central bank. This is an important step to ensure that the euro stable coat meets the regulatory requirements. In addition, the institutions involved show an openness to other banks that want to join the initiative. The full list includes among other things KBC Group NV, Danske Bank as, Seb, Caixabank SA and Raiffeisen Bank International AG.
Market analysis of the euro stable coin
The euro stable market is up to1 trillion USDestimated. In comparison, the total value of the stable cryptocurrency market has an all -time high ofUSD 295.7 billionreached. Usdt (Tether) is currently the leading stable coin after market capitalization$ 173.3 billionwhat almost60%of the entire market.
At the moment, euro staircoins are wearing637 million USDon the total value of the stable coin market. The market leader among the euro stable is Circle’s Eurc with a market capitalization of259.67 million USDand a trading volume of42 million USDin the last 24 hours. Other active participants in the market are EUR$ 144.93 millionand EURCV from Societe General-Forge, which has been offered since April 2023 and a market capitalization of65.99 million USDhas achieved.
Forecasts and future developments
Market researchers such as Martin Bruncko from Schuman Financial have predicted that euro stable coins will soon be a market capitalization of over100 billion euroswhat about$ 117.4 billioncorresponds to reach. In the long term there is the possibility that this brand even1 trillion euro(approx.USD 1.17 trillion). Such developments could significantly change the competitive landscape in the Stablecoin market and strengthen the euro as an alternative reserve currency.