ICYMI: "A consortium of nine European banks, including ING, opens new tab and UniCredit, opens new tab, said on Thursday they are forming a new company to launch a euro-denominated stablecoin, a move they hope will help counter U.S. digital market dominance."
https://www.reuters.com/business/finance/big-european-banks-form-company-launch-stablecoin-2025-09-25/