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Banks, corporates in Europe ‘actively selecting partners’ for stablecoin push

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 239 Views

Banks, corporates in Europe ‘actively selecting partners’ for stablecoin push

Stablecoin adoption in Europe is shifting from strategy to execution, with demand increasingly driven by real-world needs.

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.

Brahimi told Cointelegraph that 18 months ago, most conversations were still educational, focused on understanding stablecoins and their risks. Today, firms with board-level approval are preparing to go live. He said the introduction of the EU’s Markets in Crypto-Assets Regulation (MiCA) has accelerated that transition by replacing fragmented national rules with a single bloc-wide regulatory regime.

“In the past 12 months alone some of Europe's most stringent financial institutions are all arriving at the same conclusion, digital assets, including stablecoins, belong inside the existing banking stack, not beside it,” he said.

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