According to the source, nine major European banks, including UniCredit and ING, are developing a euro-based stablecoin slated for a 2026 launch as an alternative to dollar-backed tokens; source: X post dated Sep 25, 2025. The post characterizes the initiative as a bank-led consortium effort focused on a euro-denominated token positioned to compete with USD stablecoins; source: X post dated Sep 25, 2025. For traders, key next steps are to monitor for official announcements from the named banks and any pilot or regulatory disclosures that confirm the 2026 timeline and technical design; source: X post dated Sep 25, 2025.