ING and UniCredit Collaborate with European Banks to Create Euro Stablecoin in Compliance with MiCA Regulations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2025
0mins
Source: SeekingAlpha
Launch of Euro-Pegged Stablecoin: A consortium of nine major European banks, including ING and UniCredit, is developing a euro-pegged stablecoin to comply with the EU's MiCA regulations, aiming for a launch in the second half of 2026.
Objective and Structure: The stablecoin will facilitate low-cost, near-instant payments and settlements, and the consortium has established a new company in the Netherlands to be licensed by the Dutch Central Bank, with plans to allow additional banks to join.
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About ING
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
