"Today nine European banks from eight countries unveiled plans for a joint euro stablecoin to be issued in the second half of 2026. The banks are Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB and UniCredit. The consortium has set up a company in the Netherlands and will apply for a MiCAR license with the Dutch Central Bank. While there are nine banks so far, they are open to other banks joining."