Could a Consortium of European Banks Solve the Euro Stablecoin Problem?

Consortium governance will decide whether European banks can build a viable euro stablecoin

The announcement that major US banks including JPMorgan Chase, Bank of America, and Citigroup are exploring a joint stablecoin venture signals a fundamental shift in traditional banking's approach to digital assets. At the same time, stablecoin giant Circle—issuer of USDC and EURC—is pushing to become a bank, further blurring the line between fintech an…