EUR (EUR)

European Banking Union, issuing a euro-denominated stablecoin in 2026 https://t.co/HG0TMDQVHW

A European banking consortium plans to launch a euro‑backed stablecoin by the end of 2026, aiming to facilitate cross‑border financial settlements within the European Union. The move comes in response to the growing demand for safe and reliable digital alternatives to the traditional euro. #أوروبا #يورو #كريبتو #بنوك

🚨🇪🇺 12 European banks are preparing a euro‑backed stablecoin The Qivalis consortium, which brings together 12 major EU banks including BBVA, ING, UniCredit, BNP Paribas and CaixaBank, is in an advanced stage to launch an euro‑indexed stablecoin in the second half of 2026. 👉 What is planned • Stablecoin 1:1 backed by the euro. • Reserves composed of at least 40% bank deposits and short‑term euro‑zone sovereign bonds. • Token redemption possible 24/7. 👉 Objective • Be listed on regulated platforms from launch. • Ensure strong liquidity through discussions with exchanges and market makers. • Offer a European alternative to dollar‑denominated stablecoins.

Germany’s central bank president Joachim Nagel voiced support for a euro-pegged retail CBDC and EUR stablecoins, citing programmable wholesale payments in central bank money and low-cost cross-border use cases. https://t.co/Zg9Bg5jslS

European stablecoins are showing rapid growth amid declining interest in the USD. EUR stablecoins reached a $617m market cap in early 2026. The largest share belongs to EURC by @circle, with a capitalization of $398m. Alongside EUR stablecoins, CHF-denominated ones have also been developing. Swiss stablecoins reached a $17.7m market cap, overtaking GBP. For example, ZCHF by @frankencoinzchf increased its market cap by +$2.5m in 2025. Meanwhile, GBP stablecoins remain undervalued, with a total market cap of $6.1m, mainly represented by @monerium’s GBPe and @VNX_Platform’s VGBP. GBP appreciated by 3% against the USD between the end of 2025 and early 2026, and this trend continues. GBP stablecoins could at least double their market cap, as stablecoins like GBPe are actively used in payments. It’s also worth highlighting UAH stablecoins, such as @UAHg_to and UAHe, which have a combined market cap of $1.2m. Unlike EUR stablecoins, Ukrainian ones have a purely local impact, but they are actively used and developed, largely thanks to the crypto exchange @WhiteBit. Overall, the European stablecoin market is clearly diversifying beyond USD dominance. While EUR and CHF stablecoins are already gaining scale, GBP and UAH stablecoins remain early-stage but show meaningful upside driven by payments use cases and local adoption.

🚀 SWIFT Trials Euro Stablecoin for Tokenized Bond Payments Société Générale-Forge announced its EUR CoinVertible stablecoin is being used in a trial with SWIFT for settling tokenized bond payments. The stablecoin is described as the first MiCA-compliant digital asset natively compatible with SWIFT's interoperability system, according to Cointelegraph.

🚀 Societe Generale's digital arm partners with Swift for tokenized bond settlement. SG-FORGE, the bank's digital asset division, used its MiCA-compliant EUR CoinVertible stablecoin to settle tokenized bonds via the Swift network, according to CoinDesk. The trial involved settling transactions using both cash and stablecoins.

According to Reuters, ten European banks including ING, UniCredit, BNP Paribas have founded a new company Qivalis, planning to launch an Euro stablecoin in the second half of 2026 to address the US-dollar-dominated digital payment landscape; the company is headquartered in Amsterdam, with former Coinbase Germany CEO Jan-Oliver Sell as CEO, former NatWest chairman Howard Davies as chairman, and is applying to the Dutch central bank for an Electronic Money Institution (EMI) licence. BNP Paribas is also participating in another project where ten large banks from the US and Europe explore stablecoins. https://t.co/emv54ku7dE