Alliance of 37 European banks pushes ahead with its own stablecoin
- —37 European banks are developing their own euro stablecoin
- —Goal is infrastructure for moving euros across crypto networks
- —Initiative seeks to cut reliance on dollar stablecoins
Why it matters: A large banking alliance could strengthen the euro's role in stablecoin settlements and challenge dollar-denominated assets.
Source: CriptoNoticias
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