According to the latest news from ChainCatcher, Italy's largest domestic debit card payment network Bancomat is working on something big - preparing to launch a stablecoin pegged to the euro in 2026, and it's not a proprietary venture, but intends to open it up for issuance by other regulated entities.
Bancomat CEO Fabrizio Burlando stated that this stablecoin will be backed by euro-denominated debt assets to ensure stability; it will also be opened to compliant institutions within Italy and the EU, increasing the adoption rate of the entire system. Interestingly, any credible European financial institution will be able to choose to issue this stablecoin in the future, meaning this is a possible 'multi-issuer parallel' euro on-chain clearing framework.
In summary:
👉 Europe has finally begun to seriously promote the 'compliant version of the Euro stablecoin', and Italy's Bancomat is leading the way this time.
If the project is successfully implemented, it could become one of the important infrastructures for Euro on-chain payments in the future.
