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flag Nine European banks are launching a regulated euro stablecoin for fast, low-cost EU payments, set for 2026.

flag Nine European banks, including SEB, ING, UniCredit, and others, are launching a euro-denominated stablecoin regulated under the EU’s MiCAR rules. flag Set for release in late 2026, the digital currency will be issued by a Netherlands-based electronic money institution under Dutch central bank supervision. flag Built on blockchain, the stablecoin aims to enable fast, low-cost, 24/7 cross-border and domestic payments across the EU. flag The project, open to additional banks, marks a major step in integrating regulated digital currencies into mainstream banking, with SEB planning internal use starting in early 2027.

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