“Euro Stablecoin by Banks”

A major development: ING, UniCredit and several European banks are teaming up to launch a Euro-denominated stablecoin under the new EU Markets in Crypto-Assets framework.

This could challenge the dominance of USDT and USDC in Europe and usher in more regulatory clarity for fiat-backed digital assets. Expect focus on transparency, reserve audits, and governance.

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