The big announcement Last week, nine European banks—including ING, UniCredit, Danske Bank, SEB, KBC, CaixaBank, Raiffeisen Bank International, DekaBank, and Banca Sella—announced their intention to issue a euro-denominated stablecoin by 2026 jointly. Billed as a pan-European public–private initiative, this move is positioned as a strategic response to the increasing dominance