The ECB is concerned that US dollar stablecoins could weaken its ability to affect policy, and European issuers have ideas about how this could be solved.
Euro News
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
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Aave said compliant, audited payment pathways are crucial for onboarding new users to decentralized finance.
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The comments from European Central Bank head Christine Lagarde drew overwhelming backlash from the crypto community and political influencers.
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AllUnity’s euro-pegged MiCA-compliant stablecoin, EURAU, is expanding across major blockchains using Chainlink’s CCIP protocol.
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Switzerland’s BTC-only investment app, Relai, obtained a MiCA license in France, aiming to bring Bitcoin to as many people as possible.
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Russian oil companies have increasingly relied on digital assets and crypto platforms to circumvent financial sanctions, according to the European Commission.
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The group of banks said the stablecoin initiative would explore the “benefits of digital assets” in bringing new products to the market.
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Bitcoin surges despite US government shutdowns delay altcoin ETFs; Brazil rolls out a welcome mat for crypto miners.
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The ECB said it had reached agreements with seven entities responsible for components of the digital euro, potentially launching in 2029.
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France’s over $176 billion budget deficit may signal trillions of euros of newly printed money, potentially leading to more capital flowing into Bitcoin, according to Arthur Hayes.
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Dutch ING and Italy’s UniCredit are among nine banks developing a MiCA-compliant euro stablecoin planned to launch in the second half of 2026.
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Introduced in October 2020, Europe’s digital euro may not launch until 2029, according to ECB Executive Board member Piero Cipollone.
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EU finance ministers agreed to impose holding limits on the digital euro, reaching consensus on procedures for setting caps during the latest Eurogroup meeting.
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The Bank of Italy's vice director warned that multi-issuance stablecoins pose risks to EU financial stability and should be restricted to equivalent regulatory jurisdictions.
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Blockchain stakeholders may still negotiate with policymakers on the EU AML framework’s upcoming ban on privacy-preserving tokens, set to go into effect in 2027.
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