Ah, the European banks-those paragons of innovation and efficiency, now venturing into the brave new world of stablecoins. Nine leading institutions, including ING, UniCredit, KBC, and CaixaBank, have joined forces to create a euro-backed stablecoin that’s supposedly compliant with the EU’s MiCAR regulations. 🧠💥 This “innovative” digital currency aims to enable fast, secure, and affordable payments across Europe. Or as the EU might say, “We’ve finally figured out how to make payments so secure, even your grandma’s savings account will be safe from her own grandchildren.” 🤡
Targeted for launch in the latter half of 2026, which, if you’re keeping track, is exactly 42 years after the invention of the wheel. The stablecoin will offer a strong European alternative to US dollar-based stablecoins, enhancing the region’s digital payment system through blockchain technology for improved efficiency and transparency. Or, as the EU might put it, “We’ve finally managed to make something that works, but only if you ignore the fact that it’s 2026 and we’re still using blockchain.” 🚀
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2025-09-25 09:52