European Banks Eye 2026 Launch for Euro-Pegged Stablecoin

Tuesday Dec 2 2025 21:40

Duration

2 min

  1. 1. European Banks Prepare to Launch Euro-Backed Stablecoin

  2. 1.1 Concerns Over Monetary Policy Impact

  3. 1.2 Tether Exits EU Stablecoin Race

European Banks Prepare to Launch Euro-Backed Stablecoin

A group of 10 banks is targeting a 2026 launch for a euro-pegged stablecoin, operating under an entity authorized by the Dutch Central Bank. BNP Paribas announced its participation alongside nine other EU-based banks in this venture, aiming to introduce a euro-backed stablecoin “in the second half of 2026.” The Amsterdam-based entity, Qivalis, established by these banks, will introduce a stablecoin compliant with the EU's Markets in Crypto-Assets (MiCA) framework, pending regulatory approvals. “A native euro stablecoin isn’t just about convenience — it’s about monetary autonomy in the digital age,” stated Qivalis CEO Jan-Oliver Sell. “Presenting new opportunities for European companies and consumers to interact with onchain payments and digital asset markets in their own currency.” This push for a significant euro-pegged stablecoin occurs as US regulators are poised to implement legislation establishing a framework for payment stablecoins. The GENIUS Act, signed into law in July, sets the stage for clearer regulatory guidelines in the US.

Concerns Over Monetary Policy Impact

Amidst these efforts, Dutch Central Bank Governor Olaf Sleijpen reportedly cautioned about potential risks to monetary policy as the stablecoin market expands. The European Central Bank (ECB) released a report in November, acknowledging that risks associated with stablecoins were likely limited but emphasizing that “the rapid growth justifies close monitoring.” According to ECB adviser Jürgen Schaafhe, euro-denominated stablecoins had a market capitalization of less than 350 million euro, approximately $407 million at the time of publication. This represented less than 1% of the global market as of July.

Tether Exits EU Stablecoin Race

Stablecoin issuer Tether ceased redemptions for its euro-pegged coin, EURt, on Nov. 25, roughly a year after announcing its decision to discontinue support. The company attributed this decision to the EU’s MiCA regulations, with CEO Paolo Ardoino citing potential risks for stablecoins within the framework.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Default Author Avatar

Written by:

Noah Lee

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all
stock market news this week

Sunday, 26 July 2026

Duration

5 min

Stock Market News This Week: Fed, BoJ Lead a Packed Central Bank Week as Big Tech Earnings and Key US-China Data Take Center Stage

Sunday, 26 July 2026

Duration

6 min

SK Hynix Earnings Date: Can Q2 Results on July 29 Confirm an AI-Driven Profit Boom?

Sunday, 26 July 2026

Duration

6 min

Nvidia Stock Breakout Potential Rises as SK Hynix Partnership Targets AI Memory Bottleneck

Latest news

gold

Sunday, 26 July 2026

Indices

Gold Price Today: Gold Rises Above $4,100 Ahead of Fed Meeting as Dollar Weakens

kospi-index

Sunday, 26 July 2026

Indices

KOSPI Today: South Korean Stocks Rebound as Nvidia Investment Lifts Naver and AI Chipmakers

stock market news this week

Sunday, 26 July 2026

Indices

Stock Market News This Week: Fed, BoJ Lead a Packed Central Bank Week as Big Tech Earnings and Key US-China Data Take Center Stage

Sunday, 26 July 2026

Indices

SK Hynix Earnings Date: Can Q2 Results on July 29 Confirm an AI-Driven Profit Boom?

Sunday, 26 July 2026

Indices

Nvidia Stock Breakout Potential Rises as SK Hynix Partnership Targets AI Memory Bottleneck

crypto

Sunday, 26 July 2026

Indices

Bitcoin Price Today July 27: BTC Climbs Above $65,200 as Traders Await Fed Decision and Crypto Policy Developments

usd-jpy

Sunday, 26 July 2026

Indices

USD/JPY Drops Toward 163.50 as US Dollar Weakens on Easing Middle East Tensions

us-dollar-index

Sunday, 26 July 2026

Indices

Dollar Slides as US-Iran Strike Pause Eases Geopolitical Tensions

wti crude oil

Sunday, 26 July 2026

Indices

Oil Prices Drop Sharply as Pause in US-Iran Strikes Fuels Ceasefire Hopes

gold

Thursday, 23 July 2026

Indices

Gold Price Today, July 24: Gold Slips to $4,043 as Dollar and Yields Rise

See all news