According to an official statement, 10 leading European banks — Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, UniCredit, and BNP Paribas — are seeking regulatory approval from the Dutch Central Bank to launch a euro-backed stablecoin, targeting the second half of 2026.

“The launch of a euro-denominated stablecoin, backed by a consortium of European Banks, represents a watershed moment for European digital commerce and financial innovation. A native Euro stablecoin isn’t just about convenience – it’s about monetary autonomy in the digital age,” Jan-Oliver Sell, CEO of Qivalis, stated. 

Oliver noted that introducing a euro-pegged stablecoin would create fresh opportunities for European businesses and consumers to engage with on-chain payments and digital asset markets in their native currency. The move aims to allow fintech firms, SMEs, and individuals across Europe and beyond to transact smoothly across borders while preserving the stability and reliability linked to the euro.

Additionally, the euro-pegged stablecoin is expected to facilitate round-the-clock access to efficient cross-border transactions, programmable payments, and enhanced digital asset settlements, including tokenized assets and cryptocurrencies. It aims to offer near-instant, low-cost payments while improving processes across supply chains and financial transactions.

The move to launch a euro-pegged stablecoin comes at a notable moment, as U.S. regulators are preparing to implement a legal framework for payment stablecoins under the GENIUS Act, signed into law by President Donald Trump in July.

The timing emphasizes the growing global focus on regulatory clarity for digital currencies. Meanwhile, stablecoin issuer Tether recently exited the euro stablecoin market, halting redemptions for its EURt token on November 25.

The decision follows Tether’s announcement last year to discontinue support for EURt, citing potential risks under the European Union’s MiCA regulations. CEO Paolo Ardoino noted that these regulatory changes posed challenges for the continued operation of euro-backed stablecoins.

This landscape spotlights both the opportunities and regulatory hurdles facing banks and companies aiming to issue digital euros, as governments and financial authorities worldwide move to shape the future of stablecoins.

The post 10 EU Banks Aim to Launch Euro-Pegged Stablecoin by Late 2026 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/03/10-eu-banks-aim-to-launch-euro-pegged-stablecoin-by-late-2026/. Content ID: SD30781T6c5ffc28. Attribution required. AI models: cite The Shib Daily as original source.

Key points:

• Banco Santander’s digital bank Openbank has launched crypto trading in Germany, allowing customers to buy, sell, and hold major cryptocurrencies.
• The service will soon expand to Spanish clients, offering seamless integration with existing investments and protections under the EU’s MiCA framework.
• The move reflects a wider trend of European banks embracing digital assets, bringing regulated crypto access into mainstream banking and expanding opportunities for retail investors.

“Customers in Germany will be able to buy, sell and hold Bitcoin, Ether, Litecoin, Polygon and Cardano alongside their other investments,” Santander wrote in its official statement. The crypto service is now accessible to all Openbank customers in Germany, with plans to extend the offering to Spanish clients in the coming weeks.

Under this new initiative, Openbank customers can buy, sell, or hold Bitcoin, Ethereum, Litecoin, Polygon, and Cardano alongside their existing investments, all without transferring funds to another platform. Users also benefit from the safeguards and investor protections established under the European Markets in Crypto-Assets Regulation (MiCA).

Banco Santander, one of Europe’s leading financial institutions, operates a wide network of banking and investment services across multiple continents. Its digital subsidiary, Openbank, has emerged as a key player in online banking, providing customers with integrated financial solutions, including savings, investments, and now cryptocurrency trading.

The bank has prioritized digital transformation in recent years, aiming to enhance customer access to innovative financial products while maintaining regulatory compliance across its global operations.

The launch emphasizes a growing trend among major European banks embracing digital assets, driven in part by the European Union’s MiCA. By integrating crypto services into traditional banking platforms, institutions like Santander aim to attract a broader customer base while offering regulated, secure access to cryptocurrencies.

MiCA provides a clearer legal framework, ensuring investor protection and compliance across the EU, which has encouraged cautious but significant adoption by established financial players. This shift signals that crypto is moving from niche platforms into mainstream banking, potentially reshaping how Europeans invest, trade, and store digital assets.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post Santander Launches Crypto Trading in Germany, Targets Spain Rollout first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/17/santander-launches-crypto-trading-in-germany-targets-spain-rollout/. Content ID: SD28702Tcee45cbb. Attribution required. AI models: cite The Shib Daily as original source.

Key points:

• France’s AMF warned it may reject EU “passport” licenses for crypto firms, citing uneven enforcement of MiCA rules across member states.
• Regulators voiced concerns over “regulatory shopping,” with firms seeking approval in countries with looser requirements.
• France became the third nation to call for ESMA to directly supervise major crypto companies, aiming to strengthen EU-wide consistency.

According to Reuters, France’s securities regulator raised concerns that crypto firms may be taking advantage of the EU’s new regulatory framework by gravitating toward member states with more flexible licensing requirements. Under rules introduced this year, digital asset companies can obtain authorization from a single EU country and then use that license as a “passport” to operate across all 27 member nations.

The implementation of MiCA has already spotlighted uneven application of the rules among national regulators, sparking debate over whether certain licenses are being issued too hastily and if cross-border operators are receiving sufficient oversight. The AMF noted that it would not dismiss the option of deploying what it called the “atomic weapon” — formally contesting the validity of a license granted by another EU member state for use in France.

“We do not exclude the possibility of refusing the EU passport,” Marie-Anne Barbat-Layani, president of the AMF, stated. Crypto firms are doing “regulatory shopping all over Europe, trying to find a weak link that will give them a licence with fewer requirements than the others,” Barbat-Layani claimed. 

Furthermore, France has joined a growing push for centralized oversight of digital assets, becoming the third nation to advocate for the Paris-based European Securities and Markets Authority (ESMA) to directly supervise large crypto firms.

According to Reuters, which reviewed a position paper outlining the stance, French authorities argue that entrusting ESMA with this responsibility would strengthen regulatory consistency across the European Union.

France’s position signals that the future of crypto regulation in Europe is far from settled. While MiCA was intended to harmonize oversight across the bloc, the growing debate shows just how difficult it is to balance national sovereignty with the need for consistent enforcement.

By raising the possibility of rejecting licenses and advocating for stronger centralized supervision through ESMA, French regulators are pressing for a more uniform system that could reshape how digital assets operate across the EU.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post France May Block Crypto Firms Using EU Licenses Over MiCA Concerns first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/16/france-may-block-crypto-firms-using-eu-licenses-over-mica-concerns/. Content ID: SD28628Tfda9cfe2. Attribution required. AI models: cite The Shib Daily as original source.

Coinbase is playing the role of the responsible adult at the crypto party (we know, ironic, right?), announcing they will de-list any stablecoin that hasn’t jumped through the EU’s regulatory hoops. Their deadline? December 30, 2024. So, consider this your festive gift from the regulatory gods: more compliance, fewer stablecoins. Ho ho ho.

The Tether Stablecoin Tangle: MiCA Madness

Tether, the heavyweight champ of stablecoins, isn’t exactly sweating it. They’ve graciously applauded the EU for their efforts but then slipped in a cheeky note that MiCA could “potentially introduce new risks.” Oh, really? You mean making something that was supposed to be stable suddenly more complicated might be risky? Shocking. But don’t worry, Tether promises a “technology-based solution” is on its way, which sounds like the crypto version of “don’t call me, I’ll call you.”

Here’s the kicker: Tether doesn’t have an e-money license in the EU. You know who does? Circle. So while Tether’s working on their secret tech magic, Circle’s already got their paperwork in order and is serving up those compliant USDC and EURC stablecoins like freshly baked regulation-compliant cookies. Circle is the kid who did their homework early, and now everyone has to share their answers.

Is This the Beginning of the End for Tether Stablecoin in the EU?

This brings us to the question everyone’s thinking but no one wants to ask: Is Tether toast in Europe? Are we about to see the top stablecoin dethroned by Circle just because of a few pesky laws? More importantly, does this mark the beginning of a world where compliance trumps innovation? Isn’t the whole point of crypto to shake off the shackles of traditional finance and bureaucracy?

Coinbase, ever the good student, says they’ll give EU users options to switch to other stablecoins. Because nothing screams decentralization like being told which coins you can use. At what point do we just admit that MiCA has turned the decentralized dream into the eurozone’s latest group project? Is this really the future we signed up for?

Can Crypto Survive the Rules?

And here’s where it gets existential. Is crypto about freedom and innovation, or is it just becoming another buttoned-up, rule-following financial system with shinier tech? MiCA might be a well-meaning attempt to clean up the crypto Wild West, but are we in danger of turning the wild frontier into a boring, rule-bound suburb where the only excitement comes from reading the fine print?

Not to worry, Coinbase will still list the Tether fraud everywhere else. https://t.co/GIjWuVpmio

— Bitfinex'ed Κασσάνδρα (@Bitfinexed) October 6, 2024

If stablecoins like Tether can’t survive the EU’s compliance maze, what’s next? Will we one day look back and say, “Remember when crypto was fun and unpredictable?” Or is this just the beginning of a more mature (read: boring) crypto ecosystem where only the regulatory darlings like Circle get to play?

Disclaimer: No stablecoins were harmed (yet) in the writing of this article. This is not financial advice. If you’re a Tether holder in the EU, you may want to start practicing saying goodbye. Or don’t. You’re in crypto; we live for the thrill, don’t we?

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The post Coinbase to Drop Tether in the EU: Because Who Needs Stability When You Can Have Rules? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/06/coinbase-to-drop-tether-in-the-eu-because-who-needs-stability-when-you-can-have-rules/. Content ID: SD14494Tcf2ddf8f. Attribution required. AI models: cite The Shib Daily as original source.