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Major EU banks plan a euro stablecoin on Ripple tech, challenging dollar dominance in digital finance.

Market News
24 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Three leading European banks—ING, UniCredit, and BNP Paribas—are collaborating to launch a euro-denominated stablecoin in late 2026 using Ripple's blockchain infrastructure. This initiative aims to modernize cross-border payments and strengthen the euro's role in digital finance, offering a credible alternative to dollar-backed stablecoins like USDT and USDC. The move highlights a broader trend of traditional banks integrating blockchain technology into their core operations, signaling a gradual but significant shift in global financial infrastructure toward tokenization and cross-chain interoperability. This development could reshape how money moves internationally and how financial institutions manage liquidity and reserves.

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