A euro stablecoin project launched by nine European banks, with a former German Coinbase executive appointed as CEO.

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2025-12-02 10:43:38

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According to a report by Reuters, the CEO of the European Stablecoin Alliance will be Jan-Oliver Sell, who previously worked at Coinbase in Germany, while Floris Lugt, head of digital assets at ING, will serve as CFO, and former chairman of the UK’s National Westminster Bank Howard Davies will take on the role of chairman. Earlier this September, nine major European banks, including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, announced the joint launch of a euro stablecoin project regulated by MiCA, aimed at countering the dominance of the United States in the digital payments sector.

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