A group of 25 European banks has joined a cohort of other lenders in their push to jointly issue a euro-denominated stablecoin later this year, as part of plans to fortify the region’s strategic autonomy and reduce reliance on dollar-denominated stablecoins.
Intesa Sanpaolo, ABN Amro, Nordea, Banco Sabadell, Bank of Ireland, Swedbank, Groupe BPCE, Handelsbanken, National Bank of Greece and Rabobank are among the lenders that joined the consortium today, bringing the group’s membership to 37 and widening its footprint to 15 countries.
