A group of major European banks have joined forces to launch the Euro Pegged Stubanine in compliance with European markets in the Crypto Asset (MICA) framework.
According to a joint statement published by the ING on Thursday, Dutch lender and Italy’s unicares are among the nine banks, which are participating in the euro -affected stubborn development.
Built in compliance with Europe’s Maca Regulation, it is expected that the Stabrickon will be released in the second half of 2026, which will have a mission to become a reliable European payment standard in the digital ecosystem.
The announcement states that the move is in line with plans to provide local alternatives to the European -dominated US -dominated Stables market and contribute to EU strategic sovereignty in payments.
Bank of eight member countries of the European Union were initially involved
Along with the ING and Unicondonment, the European Stubbank move includes Spain’s Kaxa Bank, Denmark’s Dance Bank, Austria’s Rafian Bank International, Belgium KBC, Sweden’s apple, Germany’s Deck Bank and another Italian lender, Bank Sella.
Founding members have set up a new company in the Netherlands, the ancestral country of the Netherlands, to monitor the development and management of the Establishment.
The banking consortium said in a joint announcement that it was open to other banks who join the Stable Queen Project.
24/7 Access to cross -border payments
According to the ING statement, the expected euro stubborn is expected to provide “nearly, low -cost payments and settlements”, which can provide 24/7 access to cross border payments.
The Stables program is also ready to offer improvement for payments and supply chain management and digital assets settlements, which may vary from securities to crypto currencies.
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“Digital payments are key to new payments and financial market infrastructure,” said Florus Logat, the digital asset of ING and the joint public representative of the project.
He added, “We believe that this development requires a broader view of the industry, and it is important that the banks adopt the same standard.”
Digital Euro 2029 delayed
Estimates of Peru Sepolone, a member of the European Central Bank Executive Board. Subsequently, the leading stable queen project of European banks was announced immediately. Subsequently, the EU’s digital euro could become a reality in 2029.
Cipolon, who is also serving as the Deputy Governor of the Bank of Italy, noted that the European Parliament is expected to outline a general framework for the EU’s proposed central bank digital currency (CBDC) by May 2026.
Given the long growth of Europe’s potential CBDC – which has been under consideration since 2020 – some online observers described the Stable Queen launch as “Digital Euro Terrorism Notes”.
Related: US Home to Consider Retroctive CBDC bans in the market structure bill
Others have speculated that the incoming Stubbank can act as “backdoor CBDC”, though, according to the definition, a CBDC is issued directly by the central bank.
The priority of Stabbuts more than CBDCS is not unprecedented. In early 2025, the Trump administration made a historic decision to ban the development of CBDC in the United States, while simultaneously promoted the US dollar -backed Establishment as a key component of its financial strategy.
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