Italy's Bancomat signs up 9 Italian banks for EUR.bank stablecoin
Italy's Bancomat announced plans last year for a Euro stablecoin called EUR.bank. The company has now named nine founding bank partners for the stablecoin. The nine partners are Italian banks.
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Founding banks include Intesa Sanpaolo, MPS and Crédit Agricole Italia; three of the nine — Intesa, BPER and Banca Sella — also back the 37-member pan-European Qivalis consortium, and EUR.bank still needs regulatory authorization.
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