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.

According to CNBC, European banks have launched a new stablecoin initiative targeting the region’s nascent stablecoin market (Source: CNBC). CNBC characterizes the move as banks seizing an early opportunity but does not disclose the issuer, blockchain, reserve backing, peg currency, or launch timeline, limiting immediate visibility into listings, liquidity depth, and spread impact for traders (Source: CNBC). CNBC indicates that further details from the banks or subsequent reporting will be needed to assess exchange integrations, compliance milestones, and potential effects on EUR on/off-ramps and market share (Source: CNBC).