European Banks Actively Select Partners to Launch Stablecoins Under MiCA Regulation
Key Takeaways
- Banks and corporates across Europe actively select infrastructure partners for stablecoin adoption.
- Move from exploration to rollout underway in Europe’s stablecoin efforts.
- MiCA regulation is cited as enabling faster move from planning to execution.
Europe's Stablecoin Shift
European banks and corporates are moving from exploration to active adoption of stablecoins.
“Banks and corporates across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support stablecoin adoption, according to Lamine Brahimi, co-founder and managing partner at crypto custody technology provider Taurus”
Firms with board-level approval are preparing to go live.
MiCA has accelerated the transition by replacing fragmented national rules with a single regulatory regime.
Some of Europe's most stringent financial institutions are arriving at the same conclusion: digital assets belong inside the existing banking stack.
Corporate treasury teams are driving much of the demand.
Growing Use Cases
Demand is increasingly driven by practical needs rather than long-term strategy.
ClearBank Europe became the first Dutch credit institution approved under MiCA.
A consortium including ING, UniCredit, CaixaBank, and BBVA is developing Qivalis.
Societe Generale has positioned its stablecoins around cross-border payments.
Oddo BHF has launched a MiCA-compliant euro stablecoin.
Data and Projections
USDC volume on Paybis in the EU climbed about 109%.
“Banks, corporates in Europe ‘actively selecting partners’ for stablecoin push Banks and corporates across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support stablecoin adoption, according to Lamine Brahimi, co-founder and managing partner at crypto custody technology provider Taurus”
Its share of total stablecoin activity increased from roughly 13% to 32%.
Buy volume remained roughly five to six times higher than sell volume.
Average stablecoin transaction sizes were about 15% to 35% larger than typical Bitcoin or Ether trades.
Chainalysis projects stablecoin volumes could reach $719 trillion by 2035.
Industry Perspectives
Will Harborne said stablecoins will become increasingly important for corporate treasury.
Every business will eventually start accepting and using stablecoins.
The shift from education to execution marks a significant milestone.
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