Lisbon, Portugal, October 6, 2025
Nine heavyweight European banks — ING, UniCredit, DekaBank, KBC, Danske Bank, SEB, CaixaBank, Raiffeisen, and Banca Sella — have formally announced a joint initiative to launch a MiCA-compliant euro stablecoin by 2026, well ahead of the European Central Bank’s estimated digital euro rollout in 2029.
This move signals Europe’s intent to assert control over its own payments infrastructure, resisting dominance by USD-denominated stablecoin supply chains.
Today the euro’s presence in stablecoins is modest (~€620 million), while the USD stablecoin market hovers near $300 billion — a stark imbalance. Citi projects that by 2030, this might scale to a base case of $1.6 trillion, with a bullish scenario hitting $3.7 trillion.
Meanwhile, projections suggest stablecoins could process over $1 trillion in annual payment volume by decade’s end.
These numbers paint a clear trajectory: stablecoins are no longer niche — they’re becoming core settlement rails for digital finance.
Institutional Shift: From Speculation to Financial Infrastructure
For years, crypto was associated with high volatility and speculative trading. That perception is rapidly changing. Stablecoins — not cryptocurrencies driven by speculation — are becoming the primary settlement instruments of digital finance.
This shift is now institutionally validated:
BlackRock’s IBIT ETF now holds over 700,000 BTC (≈3.3% of Bitcoin’s supply), demonstrating serious institutional conviction.
Fidelity, JPMorgan, has built its own on-chain liquidity and payment networks for wholesale clients.
Ripple secured approvals to operate regulated cross-border settlement corridors.
Banks across Europe and the US are openly exploring reserves in digital assets.
For the first time, digital asset rails are being treated not as a threat, but as an integral part of the future financial system.
The euro stablecoin initiative makes clear that the first wave of regulated, reserve-backed stablecoins under MiCA will define euro liquidity on-chain long before the ECB’s CBDC reaches market.
Fasqon’s Unique Position: Pioneer of Crypto-Native Banking in Europe
Against this backdrop, Fasqon is one of the very few crypto-native neobanks in Europe with licensed banking support for both fiat and crypto payments.
While Europe’s digital banks have largely avoided crypto integration — and consumer-facing crypto cards (from Binance, Crypto.com, Bybit, Nexo, etc.) remain exchange products rather than full-service banks — Fasqon offers a true hybrid model:
Fasqon supports both euro and crypto inbound/outbound flows under a unified platform.
Our partnership with Bison Bank anchors our crypto fiat rails.
$FSQN serves as a utility engine in our ecosystem: powering FX conversions, subscriptions, ecosystem operations, and more.
Personal IBANs and global debit cards
This infrastructure makes Fasqon one of the pioneers in Europe’s financial sector, filling a critical gap: a compliant neobank where businesses and individuals can both send and receive in fiat and digital assets with the same ease as traditional payments.
A Strategic Convergence
Kati Aronson, CBDO of Fasqon, commented:
“This isn’t about speculative markets. It’s about building the next settlement layer of global finance. The combination of bank-issued stablecoins, crypto-native banking, and regulated payment rails is the foundation of Fintech 2.0, and Fasqon is shaping the future of finance — compliant, scalable, utility, and community combined.”
With a regulated architecture already in place, Fasqon is prepared to integrate euro-denominated stablecoins the moment they reach the market, offering clients seamless access to the next evolution of European payments infrastructure.
The Bigger Picture
This is the first time in modern financial history that institutions are aligned so positively toward crypto integration. From ETFs to bank reserves and stablecoin issuance, momentum has shifted decisively.
Stablecoins are no longer a niche innovation — they are fast becoming the backbone of digital settlement, foreign exchange, and payments at scale. Europe’s coordinated move signals recognition that the continent cannot remain on the sidelines.
Fasqon is already there — pioneering the infrastructure of Fintech 2.0.
About Fasqon
Fasqon is a crypto-native neobank headquartered in Europe, built to merge banking rails and digital asset rails under one unified user experience. Its regulated infrastructure delivers fiat and crypto accounts, global debit cards, and a utility model ($FSQN) powering FX, subscriptions, and ecosystem efficiency. With a focus on compliance, scalability, and integration with euro-denominated stablecoins, Fasqon is redefining how financial institutions and users interact with digital money.
Media Contact:
Kati Aronson, CBDO
Email: office@fasqon.com
Website: https://fasqon.com/