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Coinpedia 2025-09-25 08:43:47

Nine European Banks Launch Euro-Backed Stablecoin to Challenge US Dollar Dominance

Nine European Banks Launch Euro-Backed Stablecoin to Challenge US Dollar Dominance

The post Nine European Banks Launch Euro-Backed Stablecoin to Challenge US Dollar Dominance appeared first on Coinpedia Fintech News Nine of Europe’s leading banks have come together to issue a euro-backed stablecoin, marking a significant step toward creating a trusted European digital payment system. However, the project is designed to challenge the dominance of the U.S.-based stablecoins and offer Europe a payment system of its own, with the region’s strict regulations. Nine Banks Unite …

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