On September 25, 2025, 9 European banks shaped a consortium to develop a euro-backed stablecoin, set to launch within the second half of 2026. The consortium has created a brand new Netherlands-based firm to subject the token.
The aim is to problem greenback dominance in stablecoins. The present stablecoin market is nearly totally dominated by the US greenback through $USDT ($173B market cap) and $USDC ($74B). Thus, most world crypto and digital funds depend on USD somewhat than EUR.
Another doable motive might be Europe’s intention to realize strategic autonomy. Europe stepping in with its personal stablecoin is seen as an effort to create an alternative choice to $USDT and $USDC, whereas additionally regaining management over digital funds and settlements.
As Europe takes a daring step in the direction of launching its personal stablecoin, traders’ curiosity in crypto initiatives and utility-driven tokens with actual momentum is rising.
One standout is Best Wallet Token ($BEST), a token backing a mobile-first crypto pockets. It’s at present in presale, having raised over $16.1M to this point.
Europe’s Big Push for Regulated Euro Stablecoins and Digital Sovereignty
With the EU’s MiCA regulation providing a transparent framework for stablecoin issuance, Europe has a safer backdrop to launch euro-backed stablecoins. This context already makes for an optimistic outlook.
In mild of the information, a number of European leaders and officers additionally voiced their constructive opinions on a Euro stablecoin:
- Floris Lugt, ING’s digital belongings lead, famous that stablecoins can pace up cross-border funds and cross-currency settlements.
- A current ING press launch protecting Lugt’s assertion went on to additional clarify how stablecoins can automate enterprise transactions and enhance provide chain funds.
- Similarly, ECB Governing Council member Joachim Nagel known as the digital euro an important milestone for EU monetary sovereignty.
- Francois Villeroy de Galhau, Governor of the Bank of France, warned that if Europe falls behind the US stablecoin’s development, the continent dangers being dominated by personal, dollar-backed stablecoins sooner or later.
The EU’s daring new transfer is welcomed by retail and institutional traders worldwide contemplating the potential development of the stablecoin market, with analysts estimating stablecoins probably dealing with $100T–$200T in annual funds by 2030.
Its pockets app already powers onramping, safe storage, transfers, and swaps for stablecoins and different tokens throughout prime blockchains.
Best Wallet Token ($BEST) – Utility Crypto with a Secure, Multi-Chain Wallet and DeFi Features
Best Wallet Token ($BEST) is the native token of Best Wallet, a top-notch multi-chain asset storage providing seamless entry to crypto onramping, DeFi platforms, and built-in decentralized swaps.
Within this ecosystem, $BEST offers unique holder advantages, together with:
- Governance rights,
- Reduced buying and selling charges,
- Higher staking rewards within the upcoming staking aggregator,
- Access to vetted Stage Zero presales within the app’s launchpad.
Learn extra about Best Wallet Token with our information.
Then, we’ve Best Wallet, which is on a mission to seize 40% of the crypto pockets market by the tip of 2026. As with any scaling crypto storage ecosystem, Best Wallet has constructed its personal token to maintain customers engaged, fund development, and construct group possession.
The Best Wallet ecosystem itself stands out as a extremely promising platform because of its complete roadmap.
It contains upcoming options such because the staking aggregator we talked about, plus a crypto debit card, built-in market analytics, and derivatives buying and selling. By the tip of stage 4, this app will likely be an all-in-one crypto answer for retail merchants.
Backed by this imaginative and prescient, the $BEST token offers traders with direct publicity to the ecosystem’s development.
For early traders, it gives the added benefit of securing tokens at a cheaper price, positioning them to learn most because the Best Wallet expands into multi-chain finance.
$BEST Token Presale Is Booming, Attracting Whale Buyers
$BEST’s presale has gained sturdy momentum, already elevating $16.1M. Whales at the moment are circling in, staking their luggage with $BEST price $70.2K and $50.9K, a transparent reflection of the venture’s sturdy upside potential.
With the token at present priced at $0.025695 and our $BEST worth prediction forecasting 98% development in 2026, this might make a very good long-term play for traders who search to diversify.
If our professional $BEST predictions come to fruition, a $500 funding in $BEST right this moment might develop to round $685 by the tip of 2025 (at $0.035215) and almost $994 by 2026 (at $0.05106175) in worth appreciation.
New adopters may lock in dynamic staking rewards (at present 82% APY). But rewards will naturally taper as extra contributors be part of, making the earliest traders the largest winners.
With staking at 82% APY and contemplating probably the most bullish forecasts, your $500 funding right this moment might swell to roughly ~$1,808 after one 12 months ($814.76 of that coming from staking rewards alone). This is assuming the APY and prediction maintain.
With the next presale worth rise set for tomorrow, now could be the possibility to safe $BEST at lower-tier costs.
This will not be monetary recommendation. Always do your individual analysis earlier than investing in crypto, because the market is extremely unstable.
Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/information/9-european-banks-stablecoin-consortium-fight-dollar-dominance/
