Euro stablecoin for banks: Europe's answer to USDT and Co.?

In this article you will learn:

  • Why major European banks are now jointly developing their own euro stablecoin
  • What geopolitical and economic interests lie behind the project
  • How the stablecoin is intended to strengthen Europe's digital sovereignty in the crypto sector

The banking consortium's plans to issue a regulated euro stablecoin by the end of 2026 are no coincidence. With EURAU, the first German MiCA-compliant euro stablecoin, launched by Deutsche Bank subsidiary AllUnity, is already live. Now a broader alliance wants to follow suit – with even greater market power. The goal: a digital means of payment that secures Europe's economic sovereignty in the crypto age. But which blockchain will the project run on – and how does it intend to compete with market powers like USDT and USDC? We asked: Here are the answers.

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